Coca-Cola Co (NYSE: KO) has seen a decline in its stock price by -0.56 in relation to its previous close of 67.30. However, the company has experienced a -5.00% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-27 that Coca-Cola Europacific Partners has seen a 70% stock increase and 80% total return over two years, outperforming the S&P 500. The company expanded its footprint by acquiring Coca-Cola Amatil in 2021, adding Australia and New Zealand to its high GDP per capita regions. Despite increased costs, CCEP’s free cash flow remains strong, with a projected full-year EPS of $4.08 per share.
Is It Worth Investing in Coca-Cola Co (NYSE: KO) Right Now?
Coca-Cola Co (NYSE: KO) has a price-to-earnings ratio of 27.79x that is above its average ratio. Additionally, the 36-month beta value for KO is 0.61. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 13 rating it as “hold,” and 1 rating it as “sell.”
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The public float for KO is 4.27B and currently, short sellers hold a 0.75% ratio of that float. The average trading volume of KO on October 28, 2024 was 14.12M shares.
KO’s Market Performance
KO stock saw a decrease of -5.00% in the past week, with a monthly decline of -6.27% and a quarterly a decrease of 0.13%. The volatility ratio for the week is 1.84%, and the volatility levels for the last 30 days are 1.36% for Coca-Cola Co (KO). The simple moving average for the past 20 days is -4.03% for KO’s stock, with a 4.16% 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 -5.21% 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 -8.99% of loss for the given period.
Volatility was left at 1.36%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -6.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.52% lower at present.
During the last 5 trading sessions, KO fell by -5.00%, which changed the moving average for the period of 200-days by +11.16% in comparison to the 20-day moving average, which settled at $69.73. In addition, Coca-Cola Co saw 13.56% 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 18,484 shares at the price of $71.50 back on Aug 27 ’24. After this action, QUAN NANCY now owns 223,330 shares of Coca-Cola Co, valued at $1,321,606 using the latest closing price.
Quincey James, the Chairman and CEO of Coca-Cola Co, sale 42,397 shares at $70.02 during a trade that took place back on Aug 26 ’24, which means that Quincey James is holding 442,546 shares at $2,968,569 based on the most recent closing price.
Stock Fundamentals for KO
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.6 for the gross margin
The net margin for Coca-Cola Co stands at 0.22. The total capital return value is set at 0.12. Equity return is now at value 39.40, with 10.21 for asset returns.
Based on Coca-Cola Co (KO), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.74. The interest coverage ratio of the stock is 5.83.
Currently, EBITDA for the company is 12.44 billion with net debt to EBITDA at 3.59. When we switch over and look at the enterprise to sales, we see a ratio of 6.92. The receivables turnover for the company is 10.95for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
Conclusion
In conclusion, Coca-Cola Co (KO) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
