As of close of business last night, Coca-Cola Co’s stock clocked out at $59.53, down -0.82% from its previous closing price of $60.02. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 10902259 shares were traded.
Ratios:
To gain a deeper understanding of KO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.34. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.13. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 0.94.
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, Citigroup on January 17, 2024, Reiterated its Buy rating but revised its target price to $68 from $67 previously.
On November 13, 2023, Jefferies started tracking the stock assigning a Hold rating and target price of $64.
JP Morgan reiterated its Overweight rating for the stock on July 14, 2023, while the target price for the stock was revised from $68 to $67.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 22 when Quincey James sold 247,188 shares for $60.94 per share. The transaction valued at 15,063,192 led to the insider holds 442,546 shares of the business.
Perez Beatriz R sold 22,700 shares of KO for $1,364,951 on Jan 31. The Executive Vice President now owns 143,383 shares after completing the transaction at $60.13 per share. On Jan 30, another insider, Perez Beatriz R, who serves as the Executive Vice President of the company, sold 52,300 shares for $60.00 each. As a result, the insider received 3,138,105 and left with 143,383 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 256.72B and an Enterprise Value of 285.12B. As of this moment, Coca-Cola’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.11, and their Forward P/E ratio for the next fiscal year is 19.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.60 while its Price-to-Book (P/B) ratio in mrq is 9.89. Its current Enterprise Value per Revenue stands at 6.23 whereas that against EBITDA is 18.27.
Stock Price History:
Over the past 52 weeks, KO has reached a high of $64.99, while it has fallen to a 52-week low of $51.55. The 50-Day Moving Average of the stock is 59.73, while the 200-Day Moving Average is calculated to be 59.14.
Shares Statistics:
It appears that KO traded 14.75M shares on average per day over the past three months and 13.07M shares per day over the past ten days. A total of 4.31B shares are outstanding, with a floating share count of 4.28B. Insiders hold about 0.64% of the company’s shares, while institutions hold 72.59% stake in the company. Shares short for KO as of Feb 15, 2024 were 23.09M with a Short Ratio of 1.57, compared to 23.75M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.54% and a Short% of Float of 0.54%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.84, KO has a forward annual dividend rate of 1.84. Against a Trailing Annual Dividend Yield of 3.07%, it implies a Forward Annual Dividend Yield of 3.26%. The stock’s 5-year Average Dividend Yield is 3.04. The current Payout Ratio is 74.52% for KO, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on Aug 13, 2012 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 16 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.7 for the current quarter, with a high estimate of $0.73 and a low estimate of $0.68, while EPS last year was $0.68. The consensus estimate for the next quarter is $0.81, with high estimates of $0.83 and low estimates of $0.79.
Analysts are recommending an EPS of between $2.83 and $2.8 for the fiscal current year, implying an average EPS of $2.81. EPS for the following year is $3, with 18 analysts recommending between $3.08 and $2.88.
Revenue Estimates
In the current quarter, 12 analysts expect revenue to total $11.07B. It ranges from a high estimate of $11.28B to a low estimate of $10.9B. As of the current estimate, Coca-Cola Co’s year-ago sales were $10.96B, an estimated increase of 1.00% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $11.87B, an increase of 1.00% over than the figure of $1.00% in the same quarter last year. There is a high estimate of $12.06B for the next quarter, whereas the lowest estimate is $11.65B.
Based on 17 analysts’ estimates, the company’s revenue will be $48.04B in the next fiscal year. The high estimate is $48.78B and the low estimate is $47.33B. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.
