The Coca-Cola Company [NYSE: KO] plunged by -$0.14 during the normal trading session on Friday and reaching a high of $60.72 during the day while it closed the day at $60.33. The company report on January 6, 2022 that Constellation Brands Enters Agreement With The Coca-Cola Company to Bring the FRESCA® Brand Into Beverage Alcohol.
Constellation Brands will manufacture, market, and distribute new FRESCA™ Mixed cocktails, which will launch this year in the United States.
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Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has entered into a brand authorization agreement with The Coca-Cola Company in the United States to bring the FRESCA® brand into beverage alcohol through the manufacturing, marketing, distribution, and launch of FRESCA™ Mixed – a new, distinctive line of spirit-based, ready-to-drink cocktails that are well-aligned to a number of emerging consumer trends.
The Coca-Cola Company stock has also gained 1.89% of its value over the past 7 days. However, KO stock has inclined by 11.47% in the 3 months of the year. Over the past six months meanwhile, it has gained 10.74% and gained 1.89% year-on date.
The market cap for KO stock reached $261.20 billion, with 4.32 billion shares outstanding and 4.29 billion shares in the current float. Compared to the average trading volume of 16.54M shares, KO reached a trading volume of 12304555 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 $63.12 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.
Guggenheim have made an estimate for The Coca-Cola Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 04, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price from $59 to $63. The new note on the price target was released on December 13, 2021, representing the official price target for The Coca-Cola Company stock. Previously, the target price had yet another raise from $62 to $64, while Wells Fargo kept a Overweight rating on KO stock. On July 22, 2021, analysts increased their price target for KO shares from 59 to 62.
The Average True Range (ATR) for The Coca-Cola Company is set at 0.85, with the Price to Sales ratio for KO stock in the period of the last 12 months amounting to 6.91. The Price to Book ratio for the last quarter was 11.74, with the Price to Cash per share for the same quarter was set at 3.43. Price to Free Cash Flow for KO in the course of the last twelve months was 95.08 with Quick ratio for the last quarter at 1.30.
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 1.89. With this latest performance, KO shares gained by 9.69% in over the last four-week period, additionally plugging by 10.74% over the last 6 months – not to mention a rise of 18.11% 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 69.93, with the RSI for the last a single of trading hit 72.79, and the three-weeks RSI is set at 66.98 for The Coca-Cola Company [KO]. The present Moving Average for the last 50 days of trading for this stock 56.73, while it was recorded at 60.24 for the last single week of trading, and 55.36 for the last 200 days.
The Coca-Cola Company [KO]: An insightful look at the core 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 +28.27 and a Gross Margin at +59.12. The Coca-Cola Company’s Net Margin is presently recorded at +23.46.
Return on Total Capital for KO is now 14.26, given the latest momentum, and Return on Invested Capital for the company is 14.30. Return on Equity for this stock inclined to 40.48, with Return on Assets sitting at 8.92. 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 230.14. Additionally, KO Total Debt to Total Capital is recorded at 69.71, with Total Debt to Total Assets ending up at 50.88. Long-Term Debt to Equity for the company is recorded at 214.65, with the Long-Term Debt to Total Capital now at 65.02.
Reflecting on the efficiency of the workforce at the company, The Coca-Cola Company [KO] managed to generate an average of $96,476 per employee. Receivables Turnover for the company is 9.28 with a Total Asset Turnover recorded at a value of 0.38.The Coca-Cola Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.50.
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 9.60%.
The Coca-Cola Company [KO]: Insider Ownership positions
There are presently around $176,217 million, or 69.80% 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 0.64% of the total institutional ownership; VANGUARD GROUP INC, holding 343,659,763 shares of the stock with an approximate value of $20.73 billion in KO stocks shares; and BLACKROCK INC., currently with $16.28 billion in KO stock with ownership of nearly 1.035% of the company’s market capitalization.
Positions in The Coca-Cola Company stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 1,193 institutional holders increased their position in The Coca-Cola Company [NYSE:KO] by around 109,204,566 shares. Additionally, 1,024 investors decreased positions by around 73,928,340 shares, while 350 investors held positions by with 2,737,755,192 shares. The mentioned changes placed institutional holdings at 2,920,888,098 shares, according to the latest SEC report filing. KO stock had 105 new institutional investments in for a total of 6,685,026 shares, while 100 institutional investors sold positions of 7,029,657 shares during the same period.