Coca-Cola Co (NYSE: KO) is 7.25% higher on its value in year-to-date trading and has touched a low of $56.60 and a high of $73.53 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 $63.36 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $63.20, the stock is -4.88% and -8.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.99 million and changing -0.25% at the moment leaves the stock -2.09% off its SMA200. KO registered 11.42% gain for a year compared to 6-month gain of 0.16%. The firm has a 50-day simple moving average (SMA 50) of $69.1792 and a 200-day simple moving average (SMA200) of $64.54905.
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The stock witnessed a -10.15% loss in the last 1 month and extending the period to 3 months gives it a -7.84%, and is -3.32% 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 1.41% over the week and 1.47% over the month.
Coca-Cola Co (KO) has around 79100 employees, a market worth around $272.25B and $46.39B in sales. Current P/E ratio is 26.25 and Fwd P/E is 21.21. Profit margin for the company is 22.44%. Distance from 52-week low is 11.66% and -14.05% from its 52-week high. The company has generated returns on investments over the last 12 months (14.97%).
The EPS is expected to grow by 6.09% this year.
Coca-Cola Co (KO) Top Institutional Holders
3947.0 institutions hold shares in Coca-Cola Co (KO), with institutional investors hold 71.81% of the company’s shares. The shares outstanding are 4.31B, and float is at 4.27B with Short Float at 0.72%. Institutions hold 64.66% of the Float.
The top institutional shareholder in the company is BERKSHIRE HATHAWAY INC with over 400.0 million shares valued at $25.46 billion. The investor’s holdings represent 9.2807% of the KO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 370.7 million shares valued at $23.6 billion to account for 8.6009 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 309.9 million shares representing 7.1902% and valued at over $19.73 billion, while STATE STREET CORP holds 3.9329 of the shares totaling 169.51 million with a market value of $10.87 billion.
Coca-Cola Co (KO) Insider Activity
The most recent transaction is an insider sale by Quincey James, the company’s Chairman and CEO. SEC filings show that Quincey James sold 100,000 shares of the company’s common stock on Nov 08 ’24 at a price of $64.03 per share for a total of $6.4 million. Following the sale, the insider now owns 0.34 million shares.
Still, SEC filings show that on Aug 27 ’24, QUAN NANCY (Executive Vice President) disposed off 18,484 shares at an average price of $71.50 for $1.32 million. The insider now directly holds 223,330 shares of Coca-Cola Co (KO).
