Coca-Cola Co (NYSE:KO) has a beta value of 0.63 and has seen 10.98 million shares traded in the last trading session. The company, currently valued at $279.19B, closed the last trade at $65.11 per share which meant it gained $0.1 on the day or 0.15% during that session. The KO stock price is -12.93% off its 52-week high price of $73.53 and 13.9% above the 52-week low of $56.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.1 million shares traded. The 3-month trading volume is 13.98 million shares.
The consensus among analysts is that Coca-Cola Co (KO) is Buy stock at the moment, with a recommendation rating of 1.81. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 16 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.52.
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Coca-Cola Co (NYSE:KO) trade information
Sporting 0.15% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the KO stock price touched $65.11 or saw a rise of 2.15%. Year-to-date, Coca-Cola Co shares have moved 10.49%, while the 5-day performance has seen it change -2.34%. Over the past 30 days, the shares of Coca-Cola Co (NYSE:KO) have changed -7.21%. Short interest in the company has seen 31.87 million shares shorted with days to cover at 2.39.
Wall Street analysts have a consensus price target for the stock at $70, which means that the shares’ value could jump 6.99% from current levels. The projected low price target is $60.0 while the price target rests at a high of $162.0. In that case, then, we find that the current price level is -148.81% off the targeted high while a plunge would see the stock lose 7.85% from current levels.
Coca-Cola Co (KO) estimates and forecasts
Figures show that Coca-Cola Co shares have underperformed across the wider relevant industry. The company’s shares have gained 4.43% over the past 6 months, with this year growth rate of 5.95%, compared to 16.50% for the industry. Revenue growth from the last financial year stood is estimated to be 8.80%.
11 analysts offering their estimates for the company have set an average revenue estimate of 10.69B for the current quarter. 10 have an estimated revenue figure of 11.45B for the next ending quarter. Year-ago sales stood 10.16B and 11.01B respectively for this quarter and the next, and analysts expect sales will grow by 5.20% for the current quarter and 8.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 10.53% over the past 5 years. Earnings growth for 2024 is a modest 6.09% while over the next 5 years, the company’s earnings are expected to increase by 5.48%.
KO Dividends
Coca-Cola Co is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.92 at a share yield of 2.94%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.02%.
Coca-Cola Co (NYSE:KO)’s Major holders
Insiders own 9.95% of the company shares, while shares held by institutions stand at 63.91% with a share float percentage of 70.97%. Investors are also buoyed by the number of investors in a company, with Coca-Cola Co having a total of 3921.0 institutions that hold shares in the company. The top two institutional holders are BERKSHIRE HATHAWAY INC with over 400.0 million shares worth more than $25.46 billion. As of 2024-06-30, BERKSHIRE HATHAWAY INC held 9.2807% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 370.7 million shares as of 2024-06-30. The firm’s total holdings are worth over $23.6 billion and represent 8.6009% of shares outstanding.
