Coca-Cola Co (NYSE:KO) finished Thursday with a subtraction of -$0.14 to close at $55.81, a downside of -0.25 percent. An average of 12,889,960 shares of common stock have been traded in the last five days. There was a fall of -$1.73 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 15,640,310 shares traded, while the 50-day average volume stands at 12,094,930.
KO stock has decreased by -7.75% in the last month. The company shares reached their 1-month lowest point of $55.68 on 09/27/23. With the stock rallying to its 52-week high on 04/24/23, shares of the company touched a low of $54.01 and a high of $64.99 in 52 weeks. It has reached a new high 7 times so far this year and lost -12.26% or -$7.80 in price. In spite of this, the price is down -14.13% from the 52-week high.
Insider Transactions
KO stock investors should be aware that Coca-Cola Co (KO) stock had its last reported insider trading activity 11 days ago on Sep 18. In this transaction, the insider spent $5,346,324. SVP & General Counsel, Douglas Monica Howard, disposed of 21,074 shares at a price of $60.90 on Aug 10. The insider now owns more than $1,283,449 worth of shares. Prior to that, President and CFO MURPHY JOHN went on to Sale 156,290 shares at $62.10 each on Aug 02. An amount of $9,705,328 was transacted.
Valuation Metrics
Coca-Cola Co (KO) has a trailing price-to-earnings (P/E) ratio of 23.07. The stock’s beta is 0.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.49, the price-to-book (PB) ratio at 9.28, and the price-to-cash flow ratio at 25.43.
The company has a payout ratio of 80.23%. The company’s most recent quarterly dividend payment was $0.46 a share, without any change from last year. Its latest increase dividend $0.02 reported on Thursday February 16 2023.
Financial Health
The quick ratio of Coca-Cola Co for the three months ended June 29 was 0.95, and the current ratio was 1.14, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.37 and a total debt to equity ratio of 1.60 for the quarter ending June 29. Its gross profit as reported stood at $25.0 billion compared to revenue of $43.0 billion.
Earnings Surprise
For the three-month period that ended June 29, Coca-Cola Co had $35.63 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.55 billion in the quarter, while revenues of $3.11 billion were grew 25.21%. The analyst consensus anticipated Coca-Cola Co’s latest quarter earnings to come in at $0.72 per share, but it turned out to be $0.78, a 8.30% surprise. For the quarter, EBITDA amounted to $2.68 billion. Shareholders own equity worth $4.32 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Coca-Cola Co (KO) price momentum. RSI 9-day as of the close on 28 September was 17.09%, suggesting the stock is oversold, with historical volatility in this time frame at 10.56%.
As of today, KO’s price is $56.58 -3.01% or -$1.73 from its 5-day moving average. KO is currently trading -7.71% lower than its 20-day SMA and -12.82% lower than its 100-day SMA. However, the stock’s current price level is -9.46% below the SMA50 and -11.61% below the SMA200.
The stochastic %K and %D were 5.59% and 7.25%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 3.92% and the average true range at 0.67, the RSI (14) stands at 21.98%. The stock has reached -1.16 on the 9-day MACD Oscillator while the 14-day reading was at -1.57.
Analyst Ratings
JP Morgan reiterated its an Overweight rating on Coca-Cola Co (NYSE: KO), but raised their price target to $68, indicating a potential price increase of 17.93% for the stock. The consensus rating for Coca-Cola Co (KO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell KO, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 14 others rate it as a “buy”.
What is KO’s price target for the next 12 months?
Analysts predict a range of price targets between $63.00 and $76.00, with a median target of $70.00. Taking a look at these predictions, the average price target given by analysts for Coca-Cola Co (KO) stock is $70.12.
