The price-to-earnings ratio for Coca-Cola Co (NYSE: KO) is above average at 25.01x, Company’s 36-month beta value is 0.58.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 1 as “sell.”
The public float for KO is 4.28B, and currently, short sellers hold a 0.55% ratio of that floaft. The average trading volume of KO on April 29, 2024 was 14.31M shares.
KO) stock’s latest price update
The stock price of Coca-Cola Co (NYSE: KO) has dropped by 0.00 compared to previous close of 61.74. Despite this, the company has seen a gain of 2.61% in its stock price over the last five trading days. Market Watch reported 2024-04-28 that This week, 175 companies in the S&P 500 index report quarterly results, making it the busiest for the U.S. earnings reporting season overall. But amid the stampede, much of Wall Street’s attention will be on two of the massive companies that can make or break any given quarter for markets overall — Apple Inc. and Amazon.com Inc.
KO’s Market Performance
Coca-Cola Co (KO) has experienced a 2.61% rise in stock performance for the past week, with a 1.16% rise in the past month, and a 3.99% rise in the past quarter. The volatility ratio for the week is 1.68%, and the volatility levels for the past 30 days are at 1.25% for KO.. The simple moving average for the past 20 days is 3.40% for KO’s stock, with a 4.70% simple moving average for the past 200 days.
Analysts’ Opinion of KO
Many brokerage firms have already submitted their reports for KO stocks, with Citigroup repeating the rating for KO by listing it as a “Buy.” The predicted price for KO in the upcoming period, according to Citigroup is $68 based on the research report published on January 17, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see KO reach a price target of $64. The rating they have provided for KO stocks is “Hold” according to the report published on November 13th, 2023.
JP Morgan gave a rating of “Overweight” to KO, setting the target price at $67 in the report published on July 14th of the previous year.
KO Trading at 2.84% from the 50-Day Moving Average
After a stumble in the market that brought KO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.56% of loss for the given period.
Volatility was left at 1.25%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares surge +0.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.13% upper at present.
During the last 5 trading sessions, KO rose by +2.61%, which changed the moving average for the period of 200-days by +3.18% in comparison to the 20-day moving average, which settled at $59.74. In addition, Coca-Cola Co saw 4.77% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KO starting from QUAN NANCY, who sale 57,368 shares at the price of $60.87 back on Mar 13 ’24. After this action, QUAN NANCY now owns 223,330 shares of Coca-Cola Co, valued at $3,492,111 using the latest closing price.
Pietracci Bruno, the President, Latin America OU of Coca-Cola Co, sale 18,551 shares at $59.41 during a trade that took place back on Mar 04 ’24, which means that Pietracci Bruno is holding 0 shares at $1,102,208 based on the most recent closing price.
Stock Fundamentals for KO
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.6 for the gross margin
The net margin for Coca-Cola Co stands at 0.23. The total capital return value is set at 0.15. Equity return is now at value 42.82, with 11.25 for asset returns.
Based on Coca-Cola Co (KO), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.62. The interest coverage ratio of the stock is 7.41.
Currently, EBITDA for the company is 12.44 billion with net debt to EBITDA at 2.36. When we switch over and look at the enterprise to sales, we see a ratio of 6.53. The receivables turnover for the company is 13.42for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
In a nutshell, Coca-Cola Co (KO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
