Coca-Cola Co [KO] stock prices are up 1.02% to $61.12 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KO shares have gain 2.64% over the last week, with a monthly amount glided 2.38%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, The Coca-Cola Company Announces Participation in UBS Global Consumer and Retail Conference. In a post published today on Yahoo Finance, The Coca-Cola Company announced today that Jennifer Mann, executive vice president and president of the North America operating unit, will speak at the UBS Global Consumer and Retail Conference in New York on March 14 at 8 a.m. ET.
From an analyst’s perspective:
Coca-Cola Co [NYSE: KO] stock has seen the most recent analyst activity on January 17, 2024, when Citigroup reiterated its Buy rating and also boosted its price target to $68 from $67. Previously, Jefferies started tracking the stock with Hold rating on November 13, 2023, and set its price target to $64. On July 14, 2023, JP Morgan reiterated its Overweight rating and revised its price target to $67 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $68 on February 17, 2023. Wells Fargo reiterated its recommendation of a Overweight and reduced its price target to $68 on February 15, 2023. Morgan Stanley reiterated a Overweight rating for this stock on February 15, 2023, and upped its price target to $70. In a note dated February 15, 2023, Deutsche Bank reiterated an Hold rating on this stock and boosted its target price from $62 to $63.
The stock price of Coca-Cola Co [KO] has been fluctuating between $51.55 and $64.99 over the past year. Currently, Wall Street analysts expect the stock to reach $72.57 within the next 12 months. Coca-Cola Co [NYSE: KO] shares were valued at $61.12 at the most recent close of the market. An investor can expect a potential return of 18.73% based on the average KO price forecast.
Analyzing the KO fundamentals
The Coca-Cola Co [NYSE:KO] reported sales of 45.87B for trailing twelve months, representing a surge of 11.22%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.41 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.62.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 60.88 points at the first support level, and at 60.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.29, and for the 2nd resistance point, it is at 61.45.
Coca-Cola Co [KO] reported earnings per share of $0.49 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.49/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.67 per share as compared to estimates of $0.63 per share, a difference of $0.04 representing a surprise of 6.30%.
Ratios To Look Out For
It’s worth pointing out that Coca-Cola Co [NYSE:KO]’s Current Ratio is 1.13. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 5.75, the price to book ratio is 10.15 and price to earnings (TTM) ratio is 24.76.
Transactions by insiders
Recent insider trading involved Pietracci Bruno, President, Latin America OU, that happened on Mar 04 ’24 when 18551.0 shares were sold. Chairman and CEO, Quincey James completed a deal on Feb 22 ’24 to sell 0.25 million shares. Meanwhile, Executive Vice President Perez Beatriz R sold 22700.0 shares on Jan 31 ’24.
