The Coca-Cola Company (NYSE: KO) is -8.63% 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 question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KO stock was last observed hovering at around $50.77 in the last trading session, with the day’s loss setting it -0.66% off its average median price target of $56.50 for the next 12 months. It is also 25.21% off the consensus price target high of $67.00 offered by 24 analysts, but current levels are -0.22% lower than the price target low of $50.00 for the same period.
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Currently trading at $50.11, the stock is 1.48% and -1.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.97 million and changing -1.30% at the moment leaves the stock 2.11% off its SMA200. KO registered -16.09% loss for a year compared to 6-month gain of 5.78%. The firm has a 50-day simple moving average (SMA 50) of $49.69 and a 200-day simple moving average (SMA200) of $50.47.
The stock witnessed a 2.94% loss in the last 1 month and extending the period to 3 months gives it a -6.65%, and is -0.38% 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 1.31% over the week and 1.38% over the month.
The Coca-Cola Company (KO) has around 86200 employees, a market worth around $218.18B and $33.01B in sales. Current P/E ratio is 28.06 and Fwd P/E is 21.57. Profit margin for the company is 27.80%. Distance from 52-week low is 38.16% and -16.66% 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”. 24 analysts offering their recommendations for the stock have an average rating of 2.20, where 8 rate it as a Hold and 5 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 $0.5 with sales reaching $8.57B over the same period.The EPS is expected to grow by 38.00% this year, but quarterly earnings will post 11.10% year-over-year. Quarterly sales are estimated to shrink -0.10% 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 30.07M 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 4.26B with Short Float at 0.53%. 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 282.89 million shares representing 6.58% and valued at over $15.51 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 15 insider transactions have happened at The Coca-Cola Company (KO) in the last six months, with sales accounting for 10 and purchases happening 5 times. The most recent transaction is an insider sale by Perez Beatriz R, the company’s Senior Vice President. SEC filings show that Perez Beatriz R sold 42,044 shares of the company’s common stock on Feb 16 at a price of $50.62 per share for a total of $2.13 million. Following the sale, the insider now owns 0.12 million shares.
The Coca-Cola Company disclosed in a document filed with the SEC on Jan 04 that QUAN NANCY (Senior Vice President) sold a total of 2,102 shares of the company’s common stock. The trade occurred on Jan 04 and was made at $54.26 per share for $0.11 million. Following the transaction, the insider now directly holds 0.18 million shares of the KO stock.
Still, SEC filings show that on Nov 09, WEINBERG DAVID B (Director) disposed off 100,000 shares at an average price of $52.65 for $5.27 million. The insider now directly holds 1,466,558 shares of The Coca-Cola Company (KO).
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 -6.46% down over the past 12 months. Reed’s Inc. (REED) is 13.39% up on the 1-year trading charts. Short interest in the company’s stock has fallen -10.7% from the last report on Dec 30, 2020 to stand at a total of 25.15 million short shares sold with a short interest ratio of 1.04.