Coca-Cola Co (NYSE:KO)’s traded shares stood at 2.08 million during the latest session, with the company’s beta value hitting 0.61. At the last check today, the stock’s price was $71.02, to imply a decrease of -0.29% or -$0.21 in intraday trading. The KO share’s 52-week high remains $73.53, putting it -3.53% down since that peak but still an impressive 27.41% since price per share fell to its 52-week low of $51.55. The company has a valuation of $306.09B, with an average of 15.7 million shares in intraday trading volume over the past 10 days and average of 13.17 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Coca-Cola Co (KO), translating to a mean rating of 1.81. Of 16 analyst(s) looking at the stock, 0 analyst(s) give KO a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.75.
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Coca-Cola Co (NYSE:KO) trade information
After registering a -0.29% downside in the latest session, Coca-Cola Co (KO) has traded red over the past five days. The 5-day price performance for the stock is -0.17%, and 3.56% over 30 days. With these gigs, the year-to-date price performance is 20.52%. Short interest in Coca-Cola Co (NYSE:KO) saw shorts transact 39.14 million shares and set a 2.76 days time to cover.
The extremes give us $60 and $162 for target low and target high price respectively. As such, KO has been trading -128.1% off suggested target high and 15.52% from its likely low.
Coca-Cola Co (KO) estimates and forecasts
Looking at statistics comparing Coca-Cola Co share performance against respective industry, we note that the company has underperformed competitors. Coca-Cola Co (KO) shares are 17.39% up over the last 6 months, with its year-to-date growth rate lower than industry average at 5.95% against 20.20%. Revenue is forecast to grow 11.90% this quarter before jumping 20.00% for the next one. The rating firms project that company’s revenue will grow 8.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 11.68B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 10.8B.Earnings reports from the last fiscal year show that sales brought in 11.44B and 10.16B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.10% before jumping 6.30% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 10.53% for the past 5-year period. While 2024 is set for a 6.03% return in earnings, projections for the next 5 years are at 6.07% annually.
KO Dividends
Coca-Cola Co has its next earnings report out on 2024-Oct-22. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Coca-Cola Co has a forward dividend ratio of 1.89, with the share yield ticking at 2.66% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.02%.
Coca-Cola Co (NYSE:KO)’s Major holders
Coca-Cola Co insiders hold 9.95% of total outstanding shares, with institutional holders owning 64.29% of the shares at 71.39% float percentage. In total, 64.29% institutions holds shares in the company, led by BERKSHIRE HATHAWAY INC. As of 2024-06-30, the company held over 400.0 million shares (or 9.2807% of shares), all amounting to roughly $25.46 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 370.7 million shares, or about 8.6009% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $23.6 billion.
