The Coca-Cola Company [KO] Stock trading around $49.99 per share: What’s Next?

The Coca-Cola Company [NYSE: KO] loss -0.26% or -0.13 points to close at $49.99 with a heavy trading volume of 9938743 shares. The company report on October 15, 2020 that Coca-Cola Board of Directors Declares Regular Quarterly Dividend.

The Coca-Cola Company board of directors today declared a regular quarterly dividend of 41 cents per common share. The dividend is payable Dec. 15, 2020, to shareowners of record of the company as of the close of business on Dec. 1, 2020.

About The Coca-Cola Company.

It opened the trading session at $49.40, the shares rose to $50.13 and dropped to $49.30, the range by which the price of stock traded the whole day. The daily chart for KO points out that the company has recorded 4.02% gains over the past six months. However, it is still -37.83% lower than its most recent low trading price.

If we look at the average trading volume of 14.59M shares, KO reached to a volume of 9938743 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about The Coca-Cola Company [KO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KO shares is $54.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KO stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for The Coca-Cola Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 22, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on April 01, 2020, representing the official price target for The Coca-Cola Company stock. Previously, the target price had yet another raise to $54, while Argus analysts kept a Buy rating on KO stock.

The Average True Range (ATR) for The Coca-Cola Company is set at 0.95, with the Price to Sales ratio for KO stock in the period of the last 12 months amounting to 6.21. The Price to Book ratio for the last quarter was 12.28, with the Price to Cash per share for the same quarter was set at 4.65. Price to Free Cash Flow for KO in the course of the last twelve months was 118.67 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for KO stock

The Coca-Cola Company [KO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.93. With this latest performance, KO shares dropped by -1.58% in over the last four-week period, additionally plugging by 4.02% over the last 6 months – not to mention a drop of -6.54% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KO stock in for the last two-week period is set at 52.64, with the RSI for the last a single of trading hit 51.57, and the three-weeks RSI is set at 53.12 for The Coca-Cola Company [KO]. The present Moving Average for the last 50 days of trading for this stock 49.28, while it was recorded at 50.45 for the last single week of trading, and 49.39 for the last 200 days.

The Coca-Cola Company [KO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and The Coca-Cola Company [KO] shares currently have an operating margin of +28.18 and a Gross Margin at +60.81. The Coca-Cola Company’s Net Margin is presently recorded at +23.93.

Return on Total Capital for KO is now 16.43, given the latest momentum, and Return on Invested Capital for the company is 19.83. Return on Equity for this stock inclined to 49.61, with Return on Assets sitting at 10.52. When it comes to the capital structure of this company, The Coca-Cola Company [KO] has a Total Debt to Total Equity ratio set at 232.63. Additionally, KO Total Debt to Total Capital is recorded at 69.94, with Total Debt to Total Assets ending up at 51.12. Long-Term Debt to Equity for the company is recorded at 150.82, with the Long-Term Debt to Total Capital now at 45.34.

Reflecting on the efficiency of the workforce at the company, The Coca-Cola Company [KO] managed to generate an average of $103,480 per employee. Receivables Turnover for the company is 10.12 with a Total Asset Turnover recorded at a value of 0.44.The Coca-Cola Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.

The Coca-Cola Company [KO]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, The Coca-Cola Company posted 0.56/share EPS, while the average EPS was predicted by analysts to be reported at 0.56/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Coca-Cola Company go to 2.93%.

An analysis of insider ownership at The Coca-Cola Company [KO]

There are presently around $143,739 million, or 68.10% of KO stock, in the hands of institutional investors. The top three institutional holders of KO stocks are: BERKSHIRE HATHAWAY INC with ownership of 400,000,000, which is approximately 0% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 322,605,462 shares of the stock with an approximate value of $16.13 billion in KO stocks shares; and BLACKROCK INC., currently with $14.9 billion in KO stock with ownership of nearly 6.695% of the company’s market capitalization.

Positions in The Coca-Cola Company stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,081 institutional holders increased their position in The Coca-Cola Company [NYSE:KO] by around 112,935,896 shares. Additionally, 1,021 investors decreased positions by around 175,170,583 shares, while 257 investors held positions by with 2,587,252,196 shares. The mentioned changes placed institutional holdings at 2,875,358,675 shares, according to the latest SEC report filing. KO stock had 128 new institutional investments in for a total of 11,394,499 shares, while 113 institutional investors sold positions of 19,617,699 shares during the same period.

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