On November 20, 2023, Coca-Cola Co (NYSE: KO) opened at $57.05, higher 0.24% from the last session. During the day, the shares moved up to $57.575 and dropped to $56.955 before settling in for the closing price of $57.26. Price fluctuations for KO have ranged from $51.55 to $64.99 over the past 52 weeks.
Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 4.65%. Company’s average yearly earnings per share was noted 8.15% at the time writing. With a float of $4.30 billion, this company’s outstanding shares have now reached $4.33 billion.
Considering the fact that the conglomerate employs 82500 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +57.91, operating margin of +27.90, and the pretax margin is +27.28.
Coca-Cola Co (KO) Insider Activity
A key investor’s attitude towards the stock of the Beverages – Non-Alcoholic industry is another important factor to consider. The insider ownership of Coca-Cola Co is 0.63%, while institutional ownership is 71.79%. The most recent insider transaction that took place on Nov 17, was worth 3,002,107. In this transaction Senior Vice President of this company sold 52,696 shares at a rate of $56.97, taking the stock ownership to the 26,272 shares. Before that another transaction happened on Nov 16, when Company’s Chairman and CEO sold 92,028 for $57.15, making the entire transaction worth $5,258,958. This insider now owns 442,546 shares in total.
Coca-Cola Co (KO) Earnings and Forecasts
This company achieved a net margin of +22.27 while generating a return on equity of 40.51. Wall Street market experts anticipate that the next fiscal year will bring earnings of 40.84 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.03% during the next five years compared to 50.03% growth over the previous five years of trading.
Coca-Cola Co (NYSE: KO) Trading Performance Indicators
Check out the current performance indicators for Coca-Cola Co (KO). In the past quarter, the stock posted a quick ratio of 0.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.55. Likewise, its price to free cash flow for the trailing twelve months is 24.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.48, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 2.80 in one year’s time.
Technical Analysis of Coca-Cola Co (KO)
Compared to the last year’s volume of 13.59 million, its volume of 13.29 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 81.47%. Additionally, its Average True Range was 0.75.
During the past 100 days, Coca-Cola Co’s (KO) raw stochastic average was set at 49.94%, which indicates a significant decrease from 87.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 7.05% in the past 14 days, which was lower than the 14.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.99, while its 200-day Moving Average is $59.88. Nevertheless, the first resistance level for the watch stands at $57.67 in the near term. At $57.93, the stock is likely to face the second major resistance level. The third major resistance level sits at $58.28. If the price goes on to break the first support level at $57.05, it is likely to go to the next support level at $56.69. Should the price break the second support level, the third support level stands at $56.43.
Coca-Cola Co (NYSE: KO) Key Stats
There are currently 4,323,414K shares outstanding in the company with a market cap of 248.16 billion. Presently, the company’s annual sales total 43,004 M according to its annual income of 9,542 M. Last quarter, the company’s sales amounted to 11,953 M and its income totaled 3,087 M.