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The price of Coca-Cola Co (NYSE: KO) closed at $62.69 in the last session, down -0.43% from day before closing price of $62.96. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 11.65 million shares were traded. KO stock price reached its highest trading level at $63.23 during the session, while it also had its lowest trading level at $62.59.
Ratios:
We take a closer look at KO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.95. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 1.61 whereas as Long-Term Debt/Eq ratio is at 1.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Exane BNP Paribas on June 24, 2024, initiated with a Outperform rating and assigned the stock a target price of $72.
On January 17, 2024, Citigroup reiterated its Buy rating and also lowered its target price recommendation from $67 to $68.
On November 13, 2023, Jefferies started tracking the stock assigning a Hold rating and target price of $64.Jefferies initiated its Hold rating on November 13, 2023, with a $64 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 05 ’24 when COCA COLA CO sold 598,619 shares for $925.00 per share. The transaction valued at 553,722,575 led to the insider holds 1,883,546 shares of the business.
KOUMETTIS NIKOLAOS sold 80,891 shares of KO for $5,042,996 on Jun 14 ’24. The Europe OU President now owns 218,880 shares after completing the transaction at $62.34 per share. On Jun 11 ’24, another insider, QUAN NANCY, who serves as the Executive Vice President of the company, sold 19,304 shares for $63.44 each. As a result, the insider received 1,224,572 and left with 223,330 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KO now has a Market Capitalization of 271228911616 and an Enterprise Value of 298430726144. As of this moment, Coca-Cola’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.19, and their Forward P/E ratio for the next fiscal year is 20.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.85 while its Price-to-Book (P/B) ratio in mrq is 10.22. Its current Enterprise Value per Revenue stands at 6.477 whereas that against EBITDA is 20.364.
Stock Price History:
Over the past 52 weeks, KO has reached a high of $64.36, while it has fallen to a 52-week low of $51.55. The 50-Day Moving Average of the stock is -0.33%, while the 200-Day Moving Average is calculated to be 5.24%.
Shares Statistics:
According to the various share statistics, KO traded on average about 11.93M shares per day over the past 3-months and 10849610 shares per day over the past 10 days. A total of 4.31B shares are outstanding, with a floating share count of 4.27B. Insiders hold about 0.78% of the company’s shares, while institutions hold 72.78% stake in the company. Shares short for KO as of 1718323200 were 31253561 with a Short Ratio of 2.62, compared to 1715731200 on 31915734. Therefore, it implies a Short% of Shares Outstanding of 31253561 and a Short% of Float of 0.73.
Dividends & Splits
The forward annual dividend rate for KO is 1.89, which was 1.865 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.029621983The stock’s 5-year Average Dividend Yield is 3.03.
