In the past week, KO stock has gone down by -0.38%, with a monthly decline of -0.25% and a quarterly surge of 3.77%. The volatility ratio for the week is 0.99%, and the volatility levels for the last 30 days are 1.08% for Coca-Cola Co The simple moving average for the last 20 days is -0.19% for KO stock, with a simple moving average of 5.84% for the last 200 days.
Is It Worth Investing in Coca-Cola Co (NYSE: KO) Right Now?
Coca-Cola Co (NYSE: KO) has a price-to-earnings ratio that is above its average at 25.21x. The stock has a 36-month beta value of 0.59. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 1 as “sell.”
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The public float for KO is 4.27B, and at present, short sellers hold a 0.69% of that float. On June 21, 2024, the average trading volume of KO was 11.93M shares.
KO) stock’s latest price update
Coca-Cola Co (NYSE: KO)’s stock price has plunge by 0.92relation to previous closing price of 62.18. Nevertheless, the company has seen a -0.38% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-20 that The Coca-Cola Company (NYSE:KO ) Redburn Atlantic and Rothschild & Co. Consumer Conference Call June 20, 2024 8:00 AM ET Company Participants James Quincey – Chairman and Chief Executive Officer Damian Gammell – Chief Executive Officer, Europacific Partners plc Conference Call Participants Charlie Higgs – Redburn Charlie Higgs Okay. Welcome back everyone.
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 1.24% 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 -2.50% of loss for the given period.
Volatility was left at 1.08%, however, over the last 30 days, the volatility rate increased by 0.99%, as shares sank -0.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.47% upper at present.
During the last 5 trading sessions, KO fell by -0.40%, which changed the moving average for the period of 200-days by +6.66% in comparison to the 20-day moving average, which settled at $62.85. In addition, Coca-Cola Co saw 6.48% 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 KOUMETTIS NIKOLAOS, who sale 80,891 shares at the price of $62.34 back on Jun 14 ’24. After this action, KOUMETTIS NIKOLAOS now owns 218,880 shares of Coca-Cola Co, valued at $5,042,996 using the latest closing price.
QUAN NANCY, the Executive Vice President of Coca-Cola Co, sale 19,304 shares at $63.44 during a trade that took place back on Jun 11 ’24, which means that QUAN NANCY is holding 223,330 shares at $1,224,572 based on the most recent closing price.
Stock Fundamentals for KO
Current profitability levels for the company are sitting at:
- 0.22 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 0.14. Equity return is now at value 41.76, with 10.96 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 1.61. The interest coverage ratio of the stock is 6.56.
Currently, EBITDA for the company is 12.44 billion with net debt to EBITDA at 2.78. When we switch over and look at the enterprise to sales, we see a ratio of 6.57. The receivables turnover for the company is 10.86for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
To sum up, Coca-Cola Co (KO) has seen a mixed 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.
