Coca-Cola Co (NYSE: KO) is 6.14% higher on its value in year-to-date trading and has touched a low of $57.47 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 $62.45 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $62.55, the stock is -1.11% and -3.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 42.21 million and changing 0.16% at the moment leaves the stock -3.71% off its SMA200. KO registered 8.57% gain for a year compared to 6-month loss of -2.22%. The firm has a 50-day simple moving average (SMA 50) of $64.8534 and a 200-day simple moving average (SMA200) of $64.96195.
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The stock witnessed a -0.70% gain in the last 1 month and extending the period to 3 months gives it a -12.80%, and is -0.90% 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 1.65% over the week and 1.50% over the month.
Coca-Cola Co (KO) has around 79100 employees, a market worth around $269.88B and $46.39B in sales. Current P/E ratio is 25.98 and Fwd P/E is 21.01. Profit margin for the company is 22.44%. Distance from 52-week low is 8.84% and -14.93% from its 52-week high. The company has generated returns on investments over the last 12 months (14.97%).
with sales reaching $10.72B over the same period.The EPS is expected to grow by 6.04% this year, but quarterly earnings will post 1.11% year-over-year. Quarterly sales are estimated to shrink -2.10% in year-over-year returns.
Coca-Cola Co (KO) Top Institutional Holders
3993.0 institutions hold shares in Coca-Cola Co (KO), with institutional investors hold 71.84% of the company’s shares. The shares outstanding are 4.31B, and float is at 4.27B with Short Float at 0.67%. Institutions hold 64.69% 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
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Coca-Cola Co disclosed in a document filed with the SEC on Nov 22 ’24 that Douglas Monica Howard (Executive Vice President) sold a total of 10,950 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $63.71 per share for $0.7 million. Following the transaction, the insider now directly holds 22688.0 shares of the KO stock.
Still, SEC filings show that on Nov 08 ’24, Quincey James (Chairman and CEO) disposed off 100,000 shares at an average price of $64.03 for $6.4 million. The insider now directly holds 342,546 shares of Coca-Cola Co (KO).
