The Coca-Cola Company (KO) – The 12.35% Upside Potential Remains

The Coca-Cola Company (NYSE: KO) is -8.90% lower on its value in year-to-date trading and has touched a low of $36.27 and a high of $60.13 in the current 52-week trading range. The KO stock was last observed hovering at around $50.52 in the last trading session, with the day’s loss setting it -0.56% off its average median price target of $57.00 for the next 12 months. It is also 25.43% off the consensus price target high of $67.00 offered by 22 analysts, but current levels are 2.04% higher than the price target low of $51.00 for the same period.


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Currently trading at $49.96, the stock is -6.20% and -4.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 52.67 million and changing -1.11% at the moment leaves the stock 2.99% off its SMA200. KO registered -8.08% loss for a year compared to 6-month gain of 13.78%. The firm has a 50-day simple moving average (SMA 50) of $53.05 and a 200-day simple moving average (SMA200) of $49.68.

The stock witnessed a -5.72% loss in the last 1 month and extending the period to 3 months gives it a 0.81%, and is -8.23% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.50% over the week and 1.59% over the month.

The Coca-Cola Company (KO) has around 86200 employees, a market worth around $213.13B and $33.47B in sales. Current P/E ratio is 25.91 and Fwd P/E is 23.61. Profit margin for the company is 24.90%. Distance from 52-week low is 37.74% and -16.91% from its 52-week high. The company has generated returns on investments over the last 12 months (12.00%).

The Coca-Cola Company (KO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for The Coca-Cola Company (KO) is a “Overweight”. 22 analysts offering their recommendations for the stock have an average rating of 2.00, where 9 rate it as a Hold and 2 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The Coca-Cola Company is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.41 with sales reaching $8.64B over the same period.The EPS is expected to grow by 38.00% this year, but quarterly earnings will post -11.40% year-over-year. Quarterly sales are estimated to shrink -4.90% in year-over-year returns.

The Coca-Cola Company (KO) Top Institutional Holders

2,931 institutions hold shares in The Coca-Cola Company (KO), with 30.04M shares held by insiders accounting for 0.70% while institutional investors hold 68.68% of the company’s shares. The shares outstanding are 4.30B, and float is at 4.27B with Short Float at 0.58%. Institutions hold 68.20% of the Float.

The top institutional shareholder in the company is Berkshire Hathaway, Inc with over 400.0 million shares valued at $19.75 billion. The investor’s holdings represent 9.31% of the KO Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 315.7 million shares valued at $15.59 billion to account for 7.35% of the shares outstanding. The other top investors are Blackrock Inc. which holds 301.44 million shares representing 7.01% and valued at over $14.88 billion, while State Street Corporation holds 4.20% of the shares totaling 180.48 million with a market value of $8.91 billion.

The Coca-Cola Company (KO) Insider Activity

A total of 25 insider transactions have happened at The Coca-Cola Company (KO) in the last six months, with sales accounting for 21 and purchases happening 4 times. The most recent transaction is an insider sale by QUAN NANCY, the company’s Senior Vice President. SEC filings show that QUAN NANCY sold 2,102 shares of the company’s common stock on Jan 04 at a price of $54.26 per share for a total of $0.11 million. Following the sale, the insider now owns 0.18 million shares.

The Coca-Cola Company disclosed in a document filed with the SEC on Nov 09 that WEINBERG DAVID B (Director) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Nov 09 and was made at $52.65 per share for $5.27 million. Following the transaction, the insider now directly holds 1.47 million shares of the KO stock.

Still, SEC filings show that on Nov 06, WEINBERG DAVID B (Director) disposed off 63,655 shares at an average price of $49.75 for $3.17 million. The insider now directly holds 1,566,558 shares of The Coca-Cola Company (KO).

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The Coca-Cola Company (KO): Who are the competitors?

The company’s main competitors (and peers) include Coca-Cola European Partners plc (CCEP) that is trading -1.27% down over the past 12 months. Reed’s Inc. (REED) is -38.63% down on the 1-year trading charts. Short interest in the company’s stock has fallen -14.99% from the last report on Nov 12, 2020 to stand at a total of 28.69 million short shares sold with a short interest ratio of 1.55.

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