Coca-Cola Co (NYSE:KO) does about 14.08M shares in volume on a normal day but saw 10776667 shares change hands in Tuesday trading. The company now has a market cap of 257.46B USD. Its current market price is $59.72, marking an increase of 0.76% compared to the previous close of $59.27. The 52 week high reached by this stock is $64.99 whilst the lowest price level in 52 weeks is $51.55.
Coca-Cola Co (KO) has a 20-day trading average at $60.28 and the current price is -8.11% off the 52-week high compared with 15.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $60.12 and its 200-day simple moving average is $59.02. If we look at the stock’s price movements over the week, volatility stands at 1.14%, which decreases to 0.96% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.73 to suggest the stock is neutral.
The consensus objective for the share price is $66.40, suggesting that the stock has a potential upside of 10.06% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 17, 2024 when Citigroup reiterated the stock to “Buy” and issued a price target of between $67 and $68. JP Morgan reiterated its price target at $68-$67.
Coca-Cola Co (KO) stock is down -0.71% over the week and 0.34% over the past month. Its price is 1.34% year-to-date and -4.96% over the past year.
KO’s earnings per share are forecast to grow by 4.50% this year and 6.80% over next year. Expected sales for next quarter are $11.87 billion, which analysts say will come at $45.82 billion for the current fiscal year and next year at $48.07 billion. In addition, estimates put the company’s current quarterly revenue at an average of $11.07 billion.
To reach the target analysts have set, the stock logically needs to grow 10.06 percent from here.
Outstanding shares total 4.31B with insiders holding 9.95% of the shares and institutional holders owning 62.91% of the company’s common stock. The company has a return on investment of 17.15% and return on equity of 42.82%. The price to earnings ratio (P/E ratio) amounts to 24.19 while the forward price to earnings ratio is 19.91. The beta has a value of 0.59. Price to book ratio is 9.92 and price to sales ratio is 5.61.
