The Coca-Cola Company [NYSE: KO] stock went on a downward path that fall over -0.32% on Tuesday, amounting to a one-week price decrease of less than -0.56%. The company report on October 26, 2020 that The Coca-Cola Company Announces Sustainability Presentation.
The Coca-Cola Company announced that Bea Perez, Chief Communications, Sustainability & Strategic Partnerships Officer, and Lori Billingsley, Chief Diversity & Inclusion Officer, will discuss the company’s approach to sustainability, diversity and inclusion during a webcast for investors on Nov. 13 at 11 a.m. ET.
Perez and Billingsley will discuss the company’s sustainability strategy and goals, response to COVID-19 and stance on racial equity, among other topics. The company invites investors to join the webcast at www.coca-colacompany.com/investors.
Over the last 12 months, KO stock rose by 1.23%. The one-year The Coca-Cola Company stock forecast points to a potential upside of 4.82. The average equity rating for KO stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $228.79 billion, with 4.30 billion shares outstanding and 4.27 billion shares in the current float. Compared to the average trading volume of 14.73M shares, KO stock reached a trading volume of 13152519 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $56.40 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 1.14, with the Price to Sales ratio for KO stock in the period of the last 12 months amounting to 6.84. The Price to Book ratio for the last quarter was 12.40, with the Price to Cash per share for the same quarter was set at 4.96. Price to Free Cash Flow for KO in the course of the last twelve months was 107.61 with Quick ratio for the last quarter at 1.00.
KO Stock Performance Analysis:
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 -0.56. With this latest performance, KO shares gained by 8.18% in over the last four-week period, additionally plugging by 16.98% over the last 6 months – not to mention a rise of 1.23% 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 67.62, with the RSI for the last a single of trading hit 70.91, and the three-weeks RSI is set at 64.34 for The Coca-Cola Company [KO]. The present Moving Average for the last 50 days of trading for this stock 50.22, while it was recorded at 53.51 for the last single week of trading, and 48.70 for the last 200 days.
Insight into The Coca-Cola Company Fundamentals:
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.
KO Stock EPS
With the latest financial reports released by the company, The Coca-Cola Company posted 0.44/share EPS, while the average EPS was predicted by analysts to be reported at 0.44/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 3.34%.
The Coca-Cola Company [KO] Insider Position Details
There are presently around $154,540 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 315,699,570 shares of the stock with an approximate value of $16.95 billion in KO stocks shares; and BLACKROCK INC., currently with $16.18 billion in KO stock with ownership of nearly 1.142% of the company’s market capitalization.
Positions in The Coca-Cola Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,046 institutional holders increased their position in The Coca-Cola Company [NYSE:KO] by around 107,004,903 shares. Additionally, 1,052 investors decreased positions by around 105,101,266 shares, while 291 investors held positions by with 2,666,807,294 shares. The mentioned changes placed institutional holdings at 2,878,913,463 shares, according to the latest SEC report filing. KO stock had 135 new institutional investments in for a total of 9,054,070 shares, while 102 institutional investors sold positions of 3,415,819 shares during the same period.