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Coca-Cola Co (KO) Is Now En Route to Higher Prices

Coca-Cola Co (NYSE: KO) is 2.07% higher on its value in year-to-date trading and has touched a low of $51.55 and a high of $64.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KO stock was last observed hovering at around $60.68 in the last trading session, with the day’s loss setting it -0.53%.

Currently trading at $60.15, the stock is -0.25% and 0.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.0 million and changing -0.87% at the moment leaves the stock 1.82% off its SMA200. KO registered -2.75% loss for a year compared to 6-month gain of 7.45%. The firm has a 50-day simple moving average (SMA 50) of $6.29 and a 200-day simple moving average (SMA200) of $18.44.

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The stock witnessed a 1.04% loss in the last 1 month and extending the period to 3 months gives it a 2.07%, and is -0.41% 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 0.86% over the week and 0.96% over the month.

Coca-Cola Co (KO) has around 79100 employees, a market worth around $259.39B and $45.87B in sales. Current P/E ratio is 24.36 and Fwd P/E is 20.05. Profit margin for the company is 23.36%. Distance from 52-week low is 16.68% and -7.45% from its 52-week high. The company has generated returns on investments over the last 12 months (17.15%).

Coca-Cola Co quarterly earnings per share for the current quarter are estimated at $0.7 with sales reaching $11.07B over the same period.The EPS is expected to grow by 4.62% this year, but quarterly earnings will post 0.10% year-over-year. Quarterly sales are estimated to grow 1.00% in year-over-year returns.

Coca-Cola Co (KO) Top Institutional Holders

3,763 institutions hold shares in Coca-Cola Co (KO), with institutional investors hold 69.89% of the company’s shares. The shares outstanding are 4.31B, and float is at 4.28B with Short Float at 0.56%. Institutions hold 62.94% of the Float.

The top institutional shareholder in the company is Berkshire Hathaway, Inc with over 400.0 million shares valued at $24.09 billion. The investor’s holdings represent 9.25% of the KO Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 369.88 million shares valued at $22.27 billion to account for 8.55% of the shares outstanding. The other top investors are Blackrock Inc. which holds 302.59 million shares representing 7.00% and valued at over $18.22 billion, while State Street Corporation holds 3.96% of the shares totaling 171.25 million with a market value of $10.31 billion.

Coca-Cola Co (KO) Insider Activity

The most recent transaction is an insider sale by QUAN NANCY,the company’sExecutive Vice President. SEC filings show that QUAN NANCY sold 57,368 shares of the company’s common stock on Mar 13 ’24 at a price of $60.87 per share for a total of $3.49 million. Following the sale, the insider now owns 0.22 million shares.

Coca-Cola Co disclosed in a document filed with the SEC on Mar 04 ’24 that Pietracci Bruno (President, Latin America OU) sold a total of 18,551 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $59.41 per share for $1.1 million. Following the transaction, the insider now directly holds 0.0 shares of the KO stock.

Still, SEC filings show that on Feb 22 ’24, Quincey James (Chairman and CEO) disposed off 247,188 shares at an average price of $60.94 for $15.06 million. The insider now directly holds 442,546 shares of Coca-Cola Co (KO).

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