In the last trading session, 13.41 million shares of the Coca-Cola Co (NYSE:KO) were traded, and its beta was 0.61. Most recently the company’s share price was $69.18, and it changed around $0.17 or 0.25% from the last close, which brings the market valuation of the company to $298.16B. KO currently trades at a discount to its 52-week high of $73.53, offering almost -6.29% off that amount. The share price’s 52-week low was $52.11, which indicates that the current value has risen by an impressive 24.67% since then. We note from Coca-Cola Co’s average daily trading volume that its 10-day average is 12.69 million shares, with the 3-month average coming to 13.79 million.
Coca-Cola Co stock received a consensus recommendation rating of Hold, based on a mean score of 1.81. If we narrow it down even further, the data shows that 1 out of 25 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 13 recommended KO as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight.
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Coca-Cola Co (NYSE:KO) trade information
Instantly KO has showed a green trend with a performance of 0.25% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 71.43 on recent trading dayincreased the stock’s daily price by 3.15%. The company’s shares are currently up 17.39% year-to-date, but still down -3.53% over the last five days. On the other hand, Coca-Cola Co (NYSE:KO) is -3.72% down in the 30-day period. We can see from the shorts that 40.65 million shares have been sold at a short interest cover period of 2.97 day(s).
The consensus price target as assigned by Wall Street analysts is $70, which translates to bulls needing to increase their stock price by 1.17% from its current value. Analyst projections state that KO is forecast to be at a low of $60 and a high of $162.
Coca-Cola Co (KO) estimates and forecasts
Coca-Cola Co share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.84 percent over the past six months and at a 5.95% annual growth rate that is well below the industry average of 20.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.53%. Coca-Cola Co earnings are expected to increase by 5.97% in 2024, but the outlook is positive 5.65% per year for the next five years.
KO Dividends
Coca-Cola Co’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 2.77 percent and its annual dividend per share was 1.92. It is important to note, however, that the 2.77% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.02 per year.
Coca-Cola Co (NYSE:KO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.95% of Coca-Cola Co shares, and 63.99% of them are in the hands of institutional investors. The stock currently has a share float of 71.06%. Coca-Cola Co stock is held by 3847.0 institutions, with BERKSHIRE HATHAWAY INC being the largest institutional investor. By 2024-06-30, it held 9.2807% of the shares, which is about 400.0 million shares worth $25.46 billion.
VANGUARD GROUP INC, with 8.6009% or 370.7 million shares worth $23.6 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
