In the last trading session, 13.27 million Coca-Cola Co (NYSE:KO) shares changed hands as the company’s beta touched 0.59. With the company’s per share price at $60.54 changed hands at $0.14 or 0.23% during last session, the market valuation stood at $261.08B. KO’s last price was a discount, traded about -7.35% off its 52-week high of $64.99. The share price had its 52-week low at $51.55, which suggests the last value was 14.85% up since then. When we look at Coca-Cola Co’s average trading volume, we note the 10-day average is 16.19 million shares, with the 3-month average coming to 13.85 million.
Coca-Cola Co (NYSE:KO) trade information
Instantly KO was in green as seen at the end of in last trading. With action 0.51%, the performance over the past five days has been green. The jump to weekly highs of 60.99 added 0.23% to the stock’s daily price. The company’s shares are showing year-to-date upside of 2.73%, with the 5-day performance at 0.51% in the green. However, in the 30-day time frame, Coca-Cola Co (NYSE:KO) is -0.28% down. Looking at the short shares, we see there were 22.13 million shares sold at short interest cover period of 1.48 days.
Coca-Cola Co (KO) estimates and forecasts
Data shows that the Coca-Cola Co share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 6.21% over the past 6 months, a 4.46% in annual growth rate that is considerably lower than the industry average of 21.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Coca-Cola Co will fall -5.90%, while the growth in revenue is estimated to hit -3.80% for the next quarter.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of $10.24 billion. 12 analysts are of the opinion that Coca-Cola Co’s revenue for the quarter ending Jun 2024 will be $10.98 billion. The company’s revenue for the corresponding quarters a year ago was $10.96 billion and $11.75 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.50%. The estimates for the next quarter sales put growth at -6.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 10.53%. The 2024 estimates are for Coca-Cola Co earnings to increase by 4.62%, but the outlook for the next 5-year period is at 6.21% per year.
KO Dividends
Coca-Cola Co is expected to release its next quarterly earnings report between April 22 and April 26. The 3.08% annual yield figure for the share gives it an annual dividend of 1.86. It is important to note, however, that the 3.08% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Coca-Cola Co (NYSE:KO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.95% of Coca-Cola Co shares while 62.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.90%. There are 62.95% institutions holding the Coca-Cola Co stock share, with Berkshire Hathaway, Inc the top institutional holder. As of Jun 29, 2023, the company held 9.25% of the shares, roughly 400.0 million KO shares worth $24.09 billion.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 8.55% or 369.88 million shares worth $22.27 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 121.15 million shares estimated at $7.3 billion under it, the former controlled 2.80% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.14% of the shares, roughly 92.67 million shares worth around $5.58 billion.
