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In the latest session, Coca-Cola Co (NYSE: KO) closed at $64.27 up 1.36% from its previous closing price of $63.41. In other words, the price has increased by $1.36 from its previous closing price. On the day, 8.71 million shares were traded. KO stock price reached its highest trading level at $64.31 during the session, while it also had its lowest trading level at $63.39.
Ratios:
For a deeper understanding of Coca-Cola Co’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.63. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 276872560640 and an Enterprise Value of 305237295104. As of this moment, Coca-Cola’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.82, and their Forward P/E ratio for the next fiscal year is 21.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.00 while its Price-to-Book (P/B) ratio in mrq is 10.48. Its current Enterprise Value per Revenue stands at 6.625 whereas that against EBITDA is 20.828.
Stock Price History:
The Beta on a monthly basis for KO is 0.59, which has changed by 0.04266715 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. 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 1.97%, while the 200-Day Moving Average is calculated to be 7.63%.
Shares Statistics:
For the past three months, KO has traded an average of 11.83M shares per day and 10245270 over the past ten 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 72.38% stake in the company. Shares short for KO as of 1719532800 were 31822619 with a Short Ratio of 2.69, compared to 1717113600 on 29394687. Therefore, it implies a Short% of Shares Outstanding of 31822619 and a Short% of Float of 0.74.
Dividends & Splits
According to the company, the forward annual dividend rate for KO is 1.89, from 1.865 in the trailing year. Against a Trailing Annual Dividend Yield of 0.029411765The stock’s 5-year Average Dividend Yield is 3.03. The current Payout Ratio is 74.52% for KO, which recently paid a dividend on 2024-06-14 with an ex-dividend date of 1718323200. Stock splits for the company last occurred on 2012-08-13 when the company split stock in a 2:1 ratio.
