During the last session, The Coca-Cola Company (NYSE:KO)’s traded shares were 20.84 million, with the beta value of the company hitting 0.63. At the end of the trading day, the stock’s price was $56.55, reflecting an intraday gain of 1.29% or $0.72. The 52-week high for the KO share is $56.68, that puts it down -0.23 from that peak though still a striking 18.27% gain since the share price plummeted to a 52-week low of $46.22. The company’s market capitalization is $244.00B, and the average intraday trading volume over the past 10 days was 16.85 million shares, and the average trade volume was 14.42 million shares over the past three months.
The Coca-Cola Company (KO) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.10. KO has a Sell rating from 0 analyst(s) out of 27 analysts who have looked at this stock. 11 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.55.
The Coca-Cola Company (NYSE:KO) trade information
The Coca-Cola Company (KO) registered a 1.29% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.29% in intraday trading to $56.55 this Wednesday, 07/21/21, hitting a weekly high. The stock’s 5-day price performance is 0.52%, and it has moved by 4.03% in 30 days. Based on these gigs, the overall price performance for the year is 19.81%. The short interest in The Coca-Cola Company (NYSE:KO) is 24.99 million shares and it means that shorts have 1.63 day(s) to cover.
The consensus price target of analysts on Wall Street is $60.24, which implies an increase of 6.13% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $53.00 and $67.00 respectively. As a result, KO is trading at a discount of -18.48% off the target high and 6.28% off the low.
The Coca-Cola Company (KO) estimates and forecasts
Statistics show that The Coca-Cola Company has underperformed its competitors in share price, compared to the industry in which it operates. The Coca-Cola Company (KO) shares have gone up 16.17% during the last six months, with a year-to-date growth rate less than the industry average at 12.31% against 26.50. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 31.00% this quarter and then jump 9.10% in the quarter after that. In the rating firms’ projections, revenue will increase 11.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $9.25 billion as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to $9.76 billion by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $7.17 billion and $8.65 billion respectively. In this case, analysts expect current quarter sales to grow by 28.90% and then jump by 12.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 1.40%. While earnings are projected to return -13.30% in 2021, the next five years will return 9.11% per annum.
The Coca-Cola Company is due to release its next quarterly earnings between October 20 and October 25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for The Coca-Cola Company is 1.68, with the dividend yield indicating at 2.97 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.24%.
The Coca-Cola Company (NYSE:KO)’s Major holders
The Coca-Cola Company insiders own 0.64% of total outstanding shares while institutional holders control 68.70%, with the float percentage being 69.14%. Berkshire Hathaway, Inc is the largest shareholder of the company, while 3,132 institutions own stock in it. As of Mar 30, 2021, the company held over 400.0 million shares (or 9.28% of all shares), a total value of $21.08 billion in shares.
The next largest institutional holding, with 339.59 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 7.88% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $17.9 billion.
Also, the Mutual Funds coming in first place with the largest holdings of The Coca-Cola Company (KO) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Mar 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 109.04 million shares. This amounts to just over 2.53 percent of the company’s overall shares, with a $5.75 billion market value. The same data shows that the other fund manager holds slightly less at 79.42 million, or about 1.84% of the stock, which is worth about $4.19 billion.