In the last trading session, 11.8 million Coca-Cola Co (NYSE:KO) shares changed hands as the company’s beta touched 0.61. With the company’s per share price at $69.45 changed hands at -$0.99 or -1.41% during last session, the market valuation stood at $299.32B. KO’s last price was a discount, traded about -5.87% off its 52-week high of $73.53. The share price had its 52-week low at $53.86, which suggests the last value was 22.45% up since then. When we look at Coca-Cola Co’s average trading volume, we note the 10-day average is 10.77 million shares, with the 3-month average coming to 13.78 million.
Analysts gave the Coca-Cola Co (KO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.81. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended KO as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Coca-Cola Co’s EPS for the current quarter is expected to be 0.74.
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Coca-Cola Co (NYSE:KO) trade information
Instantly KO was in red as seen at the end of in last trading. With action -1.27%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 17.85%, with the 5-day performance at -1.27% in the red. However, in the 30-day time frame, Coca-Cola Co (NYSE:KO) is -3.06% down. Looking at the short shares, we see there were 33.95 million shares sold at short interest cover period of 2.19 days.
The consensus price target for the stock as assigned by Wall Street analysts is 70, meaning bulls need an upside of 0.79% from its current market value. According to analyst projections, KO’s forecast low is 60 with 162 as the target high. To hit the forecast high, the stock’s price needs a -133.26% plunge from its current level, while the stock would need to tank 13.61% for it to hit the projected low.
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 14.70% over the past 6 months, a 5.95% in annual growth rate that is considerably lower than the industry average of 16.30%. Year-over-year growth is forecast to reach 8.30% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 11.6B. 10 analysts are of the opinion that Coca-Cola Co’s revenue for the current quarter will be 10.78B. The company’s revenue for the corresponding quarters a year ago was 11.44B and 10.16B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.40%. The estimates for the next quarter sales put growth at 6.00%.
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 5.99%, but the outlook for the next 5-year period is at 5.50% per year.
KO Dividends
Coca-Cola Co is expected to release its next quarterly earnings report in November. The 2.76% annual yield figure for the share gives it an annual dividend of 1.92. It is important to note, however, that the 2.76% 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. During the past 5 years, the average dividend yield was 3.02 per year.
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 63.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.93%. There are 63.88% institutions holding the Coca-Cola Co stock share, with BERKSHIRE HATHAWAY INC the top institutional holder. As of 2024-06-30, the company held 9.2807% of the shares, roughly 400.0 million KO shares worth $25.46 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.6009% or 370.7 million shares worth $23.6 billion as of 2024-06-30.
