Coca-Cola Co (NYSE: KO) on Monday, soared 0.97% from the previous trading daybefore settling in for the closing price of $71.41. Within the past 52 weeks, KO’s price has moved between $51.55 and $73.53.
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Consumer Defensive Sector giant saw their annual sales surged by 6.53% over the last five years. The company achieved an average annual earnings per share of 6.03%. With a float of $4.28 billion, this company’s outstanding shares have now reached $4.31 billion.
The firm has a total of 79100 workers. Let’s measure their productivity. In terms of profitability, gross margin is 60.53%, operating margin of 22.2%, and the pretax margin is 27.8%.
Coca-Cola Co (KO) Insider Activity
Observing investor behavior towards Beverages – Non-Alcoholic industry stocks is more important than anything else. The insider ownership of Coca-Cola Co is 0.77%, while institutional ownership is 73.55%. The most recent insider transaction that took place on Aug 27 ’24, was worth 1,321,606. In this transaction Executive Vice President of this company sold 18,484 shares at a rate of $71.50, taking the stock ownership to the 223,330 shares. Before that another transaction happened on Aug 26 ’24, when Company’s Chairman and CEO sold 42,397 for $70.02, making the entire transaction worth $2,968,569. This insider now owns 442,546 shares in total.
Coca-Cola Co (KO) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.67 earnings per share (EPS) for the period topping the consensus outlook (set at 0.63) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.07% during the next five years compared to 10.53% growth over the previous five years of trading.
Coca-Cola Co (NYSE: KO) Trading Performance Indicators
Coca-Cola Co (KO) is currently performing well based on its current performance indicators. A quick ratio of 0.92 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.69. Likewise, its price to free cash flow for the trailing twelve months is 34.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.46, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 3.03 in one year’s time.
Technical Analysis of Coca-Cola Co (KO)
Analysing the last 5-days average volume posted by the [Coca-Cola Co, KO], we can find that recorded value of 11.18 million was lower than the volume posted last year of 13.14 million. As of the previous 9 days, the stock’s Stochastic %D was 35.30%. Additionally, its Average True Range was 0.97.
During the past 100 days, Coca-Cola Co’s (KO) raw stochastic average was set at 89.55%, which indicates a significant increase from 53.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.40% in the past 14 days, which was higher than the 12.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $68.27, while its 200-day Moving Average is $62.61. Now, the first resistance to watch is $72.35. This is followed by the second major resistance level at $72.61. The third major resistance level sits at $72.97. If the price goes on to break the first support level at $71.73, it is likely to go to the next support level at $71.37. Should the price break the second support level, the third support level stands at $71.11.
Coca-Cola Co (NYSE: KO) Key Stats
Market capitalization of the company is 310.74 billion based on 4,307,955K outstanding shares. Right now, sales total 45,754 M and income totals 10,714 M. The company made 12,363 M in profit during its latest quarter, and 2,411 M in sales during its previous quarter.
