During the last session, Coca-Cola Co (NYSE:KO)’s traded shares were 14.17 million, with the beta value of the company hitting 0.61. At the end of the trading day, the stock’s price was $65.92, reflecting an intraday gain of 0.55% or $0.36. The 52-week high for the KO share is $73.53, that puts it down -11.54 from that peak though still a striking 15.93% gain since the share price plummeted to a 52-week low of $55.42. The company’s market capitalization is $283.97B, and the average intraday trading volume over the past 10 days was 15.52 million shares, and the average trade volume was 14.07 million shares over the past three months.
Coca-Cola Co (KO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.81. KO has a Sell rating from 0 analyst(s) out of 16 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.52.
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Coca-Cola Co (NYSE:KO) trade information
Coca-Cola Co (KO) registered a 0.55% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.55% in intraday trading to $65.92, hitting a weekly high. The stock’s 5-day price performance is -3.07%, and it has moved by -8.07% in 30 days. Based on these gigs, the overall price performance for the year is 17.40%. The short interest in Coca-Cola Co (NYSE:KO) is 31.87 million shares and it means that shorts have 2.39 day(s) to cover.
The consensus price target of analysts on Wall Street is $70, which implies an increase of 5.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $60 and $162 respectively. As a result, KO is trading at a discount of -145.75% off the target high and 8.98% off the low.
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 6.44% during the last six months, with a year-to-date growth rate less than the industry average at 5.95% against 16.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 15.60% this quarter and then jump 2.80% in the quarter after that. In the rating firms’ projections, revenue will increase 8.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 10.69B as predicted by 10 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 11.48B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 10.16B and 11.01B respectively. In this case, analysts expect current quarter sales to grow by 5.20% and then jump by 4.20% 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 6.09% in 2024, the next five years will return 5.48% per annum.
KO Dividends
Coca-Cola Co is due to release its next quarterly earnings in November. 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 1.92, with the dividend yield indicating at 2.91 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.02%.
Coca-Cola Co (NYSE:KO)’s Major holders
Coca-Cola Co insiders own 9.95% of total outstanding shares while institutional holders control 63.95%, with the float percentage being 71.02%. BERKSHIRE HATHAWAY INC is the largest shareholder of the company, while 3907.0 institutions own stock in it. As of 2024-06-30, the company held over 400.0 million shares (or 9.2807% of all shares), a total value of $25.46 billion in shares.
The next largest institutional holding, with 370.7 million shares, is of VANGUARD GROUP INC’s that is approximately 8.6009% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $23.6 billion.
