kicked off on Monday, with Coca-Cola Co (NYSE: KO) stock price up 0.13% from the previous day of trading, before settling in for the closing price of $71.64. KO’s price has ranged from $51.55 to $73.53 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 6.53%. Meanwhile, its annual earnings per share averaged 6.03%. With a float of $4.28 billion, this company’s outstanding shares have now reached $4.31 billion.
Let’s determine the extent of company efficiency that accounts for 79100 employees.
Coca-Cola Co (KO) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Beverages – Non-Alcoholic Industry. The insider ownership of Coca-Cola Co is 0.77%, while institutional ownership is 72.97%. 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
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.67 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.54 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
Here are Coca-Cola Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.65. Likewise, its price to free cash flow for the trailing twelve months is 34.14.
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)
Looking closely at Coca-Cola Co (NYSE: KO), its last 5-days average volume was 19.5 million, which is a jump from its year-to-date volume of 13.32 million. As of the previous 9 days, the stock’s Stochastic %D was 45.49%. Additionally, its Average True Range was 1.01.
During the past 100 days, Coca-Cola Co’s (KO) raw stochastic average was set at 85.55%, which indicates a significant increase from 42.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.24% in the past 14 days, which was higher than the 12.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $69.12, while its 200-day Moving Average is $62.94. However, in the short run, Coca-Cola Co’s stock first resistance to watch stands at $72.23. Second resistance stands at $72.72. The third major resistance level sits at $73.25. If the price goes on to break the first support level at $71.21, it is likely to go to the next support level at $70.68. Should the price break the second support level, the third support level stands at $70.19.
Coca-Cola Co (NYSE: KO) Key Stats
With a market capitalization of 309.15 billion, the company has a total of 4,307,955K Shares Outstanding. Currently, annual sales are 45,754 M while annual income is 10,714 M. The company’s previous quarter sales were 12,363 M while its latest quarter income was 2,411 M.
