The Coca-Cola Company [NYSE: KO] closed the trading session at $57.01 on 07/23/21. The day’s price range saw the stock hit a low of $56.45, while the highest price level was $57.33. The company report on July 21, 2021 that Coca-Cola Reports Strong Results in Second Quarter; Updates Full Year Guidance.
Global Unit Case Volume Grew 18%.
Net Revenues Grew 42%;Organic Revenues (Non-GAAP) Grew 37%.
The stocks have a year to date performance of 3.96 percent and weekly performance of 1.08 percent. The stock has been moved at 17.57 percent over the last six months. The stock has performed 5.34 percent around the most recent 30 days and changed 4.66 percent over the most recent 3-months.
If compared to the average trading volume of 14.54M shares, KO reached to a volume of 12117060 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $59.59 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 2.10. 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.
Wells Fargo 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, 2021. While these analysts kept the previous recommendation, UBS raised their target price from $59 to $62. The new note on the price target was released on July 22, 2021, representing the official price target for The Coca-Cola Company stock. Previously, the target price had yet another raise from $60 to $65, while Truist kept a Buy rating on KO stock. On July 22, 2021, analysts increased their price target for KO shares from 64 to 65.
The Average True Range (ATR) for The Coca-Cola Company is set at 0.76, with the Price to Sales ratio for KO stock in the period of the last 12 months amounting to 6.69. The Price to Book ratio for the last quarter was 12.05, with the Price to Cash per share for the same quarter was set at 2.95. Price to Free Cash Flow for KO in the course of the last twelve months was 72.01 with Quick ratio for the last quarter at 1.10.
KO stock trade performance evaluation
The Coca-Cola Company [KO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.08. With this latest performance, KO shares gained by 5.34% in over the last four-week period, additionally plugging by 17.57% over the last 6 months – not to mention a rise of 18.08% 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 72.84, and the three-weeks RSI is set at 64.10 for The Coca-Cola Company [KO]. The present Moving Average for the last 50 days of trading for this stock 55.05, while it was recorded at 56.32 for the last single week of trading, and 52.48 for the last 200 days.
The Coca-Cola Company [KO]: An insightful look at the core fundamentals
The Coca-Cola Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.30.
Earnings per share (EPS) analysis for The Coca-Cola Company [KO] stock
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 10.12%.
The Coca-Cola Company [KO]: Insider Ownership positions
There are presently around $165,623 million, or 68.60% 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 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 339,587,242 shares of the stock with an approximate value of $19.36 billion in KO stocks shares; and BLACKROCK INC., currently with $16.09 billion in KO stock with ownership of nearly -0.224% 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 1,149 institutional holders increased their position in The Coca-Cola Company [NYSE:KO] by around 154,169,702 shares. Additionally, 1,123 investors decreased positions by around 146,031,314 shares, while 330 investors held positions by with 2,604,948,796 shares. The mentioned changes placed institutional holdings at 2,905,149,812 shares, according to the latest SEC report filing. KO stock had 155 new institutional investments in for a total of 14,069,615 shares, while 111 institutional investors sold positions of 8,438,964 shares during the same period.