Coca-Cola Co (NYSE: KO) is 17.73% higher on its value in year-to-date trading and has touched a low of $51.55 and a high of $69.67 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 $68.98 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $69.38, the stock is 2.29% and 6.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.18 million and changing 0.58% at the moment leaves the stock 13.19% off its SMA200. KO registered 13.83% gain for a year compared to 6-month gain of 14.30%.
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The stock witnessed a 7.12% loss in the last 1 month and extending the period to 3 months gives it a 10.88%, and is 1.34% up 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 0.89% over the week and 1.50% over the month.
Coca-Cola Co (KO) has around 79100 employees, a market worth around $299.02B and $46.46B in sales. Current P/E ratio is 28.20 and Fwd P/E is 22.87. Profit margin for the company is 22.92%. Distance from 52-week low is 34.59% and -0.42% from its 52-week high. The company has generated returns on investments over the last 12 months (16.65%).
The EPS is expected to grow by 6.02% this year.
Coca-Cola Co (KO) Top Institutional Holders
3861.0 institutions hold shares in Coca-Cola Co (KO), with institutional investors hold 71.37% of the company’s shares. The shares outstanding are 4.31B, and float is at 4.27B with Short Float at 0.77%. Institutions hold 64.27% of the Float.
The top institutional shareholder in the company is BERKSHIRE HATHAWAY INC with over 400.0 million shares valued at $24.47 billion. The investor’s holdings represent 9.2807 of the KO Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 369.36 million shares valued at $22.6 billion to account for 8.5699 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 308.85 million shares representing 7.1658 and valued at over $18.9 billion, while STATE STREET CORP holds 3.937 of the shares totaling 169.69 million with a market value of $10.46 billion.
Coca-Cola Co (KO) Insider Activity
The most recent transaction is an insider sale by Perez Beatriz R, the company’s Executive Vice President. SEC filings show that Perez Beatriz R sold 35,382 shares of the company’s common stock on Aug 08 ’24 at a price of $68.62 per share for a total of $2.43 million. Following the sale, the insider now owns 0.17 million shares.
Coca-Cola Co disclosed in a document filed with the SEC on Aug 07 ’24 that ARROYO MANUEL (Executive Vice President) sold a total of 27,509 shares of the company’s common stock. The trade occurred on Aug 07 ’24 and was made at $68.22 per share for $1.88 million. Following the transaction, the insider now directly holds 0.15 million shares of the KO stock.
Still, SEC filings show that on Aug 08 ’24, BEATRIZ R PEREZ (Officer) Proposed Sale 35,382 shares at an average price of $68.62 for $2.43 million. The insider now directly holds shares of Coca-Cola Co (KO).
