The price-to-earnings ratio for Coca-Cola Co (NYSE: KO) is above average at 28.08x, Company’s 36-month beta value is 0.60.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 0.77% ratio of that floaft. The average trading volume of KO on August 16, 2024 was 12.16M shares.
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KO) stock’s latest price update
The stock price of Coca-Cola Co (NYSE: KO) has jumped by 0.62 compared to previous close of 68.65. Despite this, the company has seen a gain of 0.58% in its stock price over the last five trading days. fool.com reported 2024-08-16 that PepsiCo has been a better long-term investment than Coke, and it’s set to continue being a better stock to buy.
KO’s Market Performance
Coca-Cola Co (KO) has experienced a 0.58% rise in stock performance for the past week, with a 5.97% rise in the past month, and a 9.09% rise in the past quarter. The volatility ratio for the week is 0.89%, and the volatility levels for the past 30 days are at 1.58% for KO. The simple moving average for the past 20 days is 2.46% for KO’s stock, with a 12.94% simple moving average for the past 200 days.
Analysts’ Opinion of KO
Many brokerage firms have already submitted their reports for KO stocks, with Exane BNP Paribas repeating the rating for KO by listing it as a “Outperform.” The predicted price for KO in the upcoming period, according to Exane BNP Paribas is $72 based on the research report published on June 24, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see KO reach a price target of $68, previously predicting the price at $67. The rating they have provided for KO stocks is “Buy” according to the report published on January 17th, 2024.
Jefferies gave a rating of “Hold” to KO, setting the target price at $64 in the report published on November 13th of the previous year.
KO Trading at 6.20% 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 -0.85% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 0.89%, as shares surge +5.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.85% upper at present.
During the last 5 trading sessions, KO rose by +0.38%, which changed the moving average for the period of 200-days by +22.78% in comparison to the 20-day moving average, which settled at $67.60. In addition, Coca-Cola Co saw 17.22% 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 Perez Beatriz R, who sale 35,382 shares at the price of $68.62 back on Aug 08 ’24. After this action, Perez Beatriz R now owns 167,107 shares of Coca-Cola Co, valued at $2,427,984 using the latest closing price.
ARROYO MANUEL, the Executive Vice President of Coca-Cola Co, sale 27,509 shares at $68.22 during a trade that took place back on Aug 07 ’24, which means that ARROYO MANUEL is holding 145,583 shares at $1,876,670 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
- 0.61 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 41.06, with 10.67 for asset returns.
Based on Coca-Cola Co (KO), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.69. The interest coverage ratio of the stock is 6.52.
Currently, EBITDA for the company is 12.44 billion with net debt to EBITDA at 2.56. When we switch over and look at the enterprise to sales, we see a ratio of 7.07. The receivables turnover for the company is 10.22for 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 1.08.
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.
