During the recent session, Coca-Cola Co (NYSE:KO)’s traded shares were 5.49 million, with the beta value of the company hitting 0.59. At the last check today, the stock’s price was $60.06, reflecting an intraday loss of -0.74% or -$0.44. The 52-week high for the KO share is $64.99, that puts it down -8.21 from that peak though still a striking 14.17% gain since the share price plummeted to a 52-week low of $51.55. The company’s market capitalization is $258.98B, and the average intraday trading volume over the past 10 days was 12.74 million shares, and the average trade volume was 14.32 million shares over the past three months.
Coca-Cola Co (NYSE:KO) trade information
Coca-Cola Co (KO) registered a -0.74% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.74% in intraday trading to $60.06, hitting a weekly high. The stock’s 5-day price performance is 0.90%, and it has moved by 1.29% in 30 days. Based on these gigs, the overall price performance for the year is -0.62%. The short interest in Coca-Cola Co (NYSE:KO) is 22.13 million shares and it means that shorts have 1.48 day(s) to cover.
Coca-Cola Co (KO) estimates and forecasts
Statistics show that Coca-Cola Co has underperformed its competitors in share price, compared to the industry in which it operates. Coca-Cola Co (KO) shares have gone up 2.73% during the last six months, with a year-to-date growth rate less than the industry average at 4.46% against 20.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 2.90% this quarter and then jump 3.80% in the quarter after that.
Revenue for the current quarter is expected to be $11.07 billion as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to $11.87 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $10.96 billion and $11.75 billion respectively. In this case, analysts expect current quarter sales to grow by 1.00% and then jump by 1.00% 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 10.53%. While earnings are projected to return 4.62% in 2024, the next five years will return 6.21% per annum.
KO Dividends
Coca-Cola Co is due to release its next quarterly earnings between April 22 and April 26. 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 Coca-Cola Co is 2.33, with the dividend yield indicating at 3.87 percent, continuing the trend of increasing dividends in recent years.
Coca-Cola Co (NYSE:KO)’s Major holders
Coca-Cola Co insiders own 9.95% of total outstanding shares while institutional holders control 62.93%, with the float percentage being 69.88%. Berkshire Hathaway, Inc is the largest shareholder of the company, while 3,782 institutions own stock in it. As of Dec 30, 2023, the company held over 400.0 million shares (or 9.28% of all shares), a total value of $24.08 billion in shares.
The next largest institutional holding, with 370.74 million shares, is of Vanguard Group Inc’s that is approximately 8.60% of outstanding shares. At the market price on Dec 30, 2023, these shares were valued at $22.32 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Coca-Cola Co (KO) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Dec 30, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 122.02 million shares. This amounts to just over 2.83 percent of the company’s overall shares, with a $7.35 billion market value. The same data shows that the other fund manager holds slightly less at 95.05 million, or about 2.20% of the stock, which is worth about $5.72 billion.
