In the latest trading session, 3.86 million Coca-Cola Co (NYSE:KO) shares changed hands as the company’s beta touched 0.61. With the company’s most recent per share price at $62.19 changing hands around $0.15 or 0.25% at last look, the market valuation stands at $267.92B. KO’s current price is a discount, trading about -18.23% off its 52-week high of $73.53. The share price had its 52-week low at $57.93, which suggests the last value was 6.85% up since then. When we look at Coca-Cola Co’s average trading volume, we note the 10-day average is 14.89 million shares, with the 3-month average coming to 16.79 million.
Analysts gave the Coca-Cola Co (KO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.54. 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 (NYSE:KO) trade information
Instantly KO is in green as seen in intraday trades today. With action 2.23%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.11%, with the 5-day performance at 2.23% in the green. However, in the 30-day time frame, Coca-Cola Co (NYSE:KO) is -2.58% down. Looking at the short shares, we see there were 32.92 million shares sold at short interest cover period of 1.77 days.
The consensus price target for the stock as assigned by Wall Street analysts is 73.5, meaning bulls need an upside of 15.39% from its recent market value. According to analyst projections, KO’s forecast low is 70 with 78 as the target high. To hit the forecast high, the stock’s price needs a -25.42% plunge from its current level, while the stock would need to soar -12.56% 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 -3.23% over the past 6 months, a 5.95% in annual growth rate that is considerably lower than the industry average of 18.80%.
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 2025 estimates are for Coca-Cola Co earnings to increase by 6.02%, but the outlook for the next 5-year period is at 5.75% per year.
KO Dividends
Coca-Cola Co is expected to release its next quarterly earnings report in February. The 3.12% annual yield figure for the share gives it an annual dividend of 1.94. It is important to note, however, that the 3.12% 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 64.70% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 71.85%. There are 64.70% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 122.95 shares estimated at $7.62 billion under it, the former controlled 2.85% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.36% of the shares, roughly 101.59 shares worth around $6.3 billion.
