Coca-Cola Consolidated Inc (NASDAQ: COKE)’s stock price has gone rise by 17.65 in comparison to its previous close of 857.88, however, the company has experienced a 22.19% increase in its stock price over the last five trading days. The Motley Fool reported 2024-05-07 that Coca-Cola Consolidated is growing at a very modest pace, which is to be expected. Management has decided to take on debt to buy back almost 40% of the company.
Is It Worth Investing in Coca-Cola Consolidated Inc (NASDAQ: COKE) Right Now?
Coca-Cola Consolidated Inc (NASDAQ: COKE) has a price-to-earnings ratio that is above its average at 22.39x. The stock has a 36-month beta value of 0.71. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for COKE is 5.22M, and at present, short sellers hold a 2.08% of that float. On May 08, 2024, the average trading volume of COKE was 45.29K shares.
COKE’s Market Performance
COKE’s stock has seen a 22.19% increase for the week, with a 19.43% rise in the past month and a 15.09% gain in the past quarter. The volatility ratio for the week is 3.87%, and the volatility levels for the past 30 days are at 2.42% for Coca-Cola Consolidated Inc The simple moving average for the past 20 days is 22.05% for COKE’s stock, with a 33.13% simple moving average for the past 200 days.
Analysts’ Opinion of COKE
Many brokerage firms have already submitted their reports for COKE stocks, with Citigroup repeating the rating for COKE by listing it as a “Hold.” The predicted price for COKE in the upcoming period, according to Citigroup is $52 based on the research report published on November 24, 2009 of the previous year 2009.
COKE Trading at 21.21% from the 50-Day Moving Average
After a stumble in the market that brought COKE to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 6.88% of gains for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares surge +20.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.03% upper at present.
During the last 5 trading sessions, COKE rose by +22.19%, which changed the moving average for the period of 200-days by +57.76% in comparison to the 20-day moving average, which settled at $835.65. In addition, Coca-Cola Consolidated Inc saw 10.74% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for COKE
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.39 for the gross margin
The net margin for Coca-Cola Consolidated Inc stands at 0.06. The total capital return value is set at 0.25. Equity return is now at value 32.16, with 11.26 for asset returns.
Based on Coca-Cola Consolidated Inc (COKE), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 1.1. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 285.8.
Currently, EBITDA for the company is 1.06 billion with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 1.44. The receivables turnover for the company is 10.09for trailing twelve months and the total asset turnover is 1.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.
Conclusion
To sum up, Coca-Cola Consolidated Inc (COKE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
