Market Analysts see The Coca-Cola Company [KO] gaining to $69. Time to buy?


The Coca-Cola Company [NYSE: KO] plunged by -$0.76 during the normal trading session on Friday and reaching a high of $63.625 during the day while it closed the day at $62.97. The company report on May 16, 2022 that The Coca-Cola Company to Participate in Upcoming Investor Conferences.

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The Coca-Cola Company today announced that it will participate in two upcoming investor conferences.

Chairman and CEO James Quincey will speak at Bernstein’s 38th Annual Strategic Decisions Conference (SDC) in New York on June 1 at 8 a.m. ET. He will be joined by Beatriz “Bea” Perez, Chief Communications, Sustainability and Strategic Partnerships Officer.

The Coca-Cola Company stock has also loss -2.07% of its value over the past 7 days. However, KO stock has inclined by 0.64% in the 3 months of the year. Over the past six months meanwhile, it has gained 18.65% and gained 6.35% year-on date.

The market cap for KO stock reached $276.27 billion, with 4.33 billion shares outstanding and 4.31 billion shares in the current float. Compared to the average trading volume of 18.80M shares, KO reached a trading volume of 13531609 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 $69.84 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.

DZ Bank have made an estimate for The Coca-Cola Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 28, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $67 to $69. The new note on the price target was released on February 11, 2022, representing the official price target for The Coca-Cola Company stock. Previously, the target price had yet another raise from $67 to $68, while UBS kept a Buy rating on KO stock. On February 11, 2022, analysts increased their price target for KO shares from 65 to 70.

The Average True Range (ATR) for The Coca-Cola Company is set at 1.51, with the Price to Sales ratio for KO stock in the period of the last 12 months amounting to 6.89. The Price to Book ratio for the last quarter was 10.97, with the Price to Cash per share for the same quarter was set at 2.36. Price to Free Cash Flow for KO in the course of the last twelve months was 95.40 with Quick ratio for the last quarter at 1.00.

KO stock trade performance evaluation

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 -2.07. With this latest performance, KO shares dropped by -3.17% in over the last four-week period, additionally plugging by 18.65% over the last 6 months – not to mention a rise of 11.97% 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 46.57, with the RSI for the last a single of trading hit 45.00, and the three-weeks RSI is set at 47.95 for The Coca-Cola Company [KO]. The present Moving Average for the last 50 days of trading for this stock 63.85, while it was recorded at 63.57 for the last single week of trading, and 59.07 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 1.00 and a Current Ratio set at 1.20.

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 6.58%.

The Coca-Cola Company [KO]: Insider Ownership positions

There are presently around $189,435 million, or 70.80% 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 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 351,220,018 shares of the stock with an approximate value of $22.12 billion in KO stocks shares; and BLACKROCK INC., currently with $17.58 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 April and at the time of the April reporting period, where 1,254 institutional holders increased their position in The Coca-Cola Company [NYSE:KO] by around 135,537,209 shares. Additionally, 1,196 investors decreased positions by around 122,608,202 shares, while 429 investors held positions by with 2,750,186,191 shares. The mentioned changes placed institutional holdings at 3,008,331,602 shares, according to the latest SEC report filing. KO stock had 168 new institutional investments in for a total of 7,168,793 shares, while 115 institutional investors sold positions of 8,124,086 shares during the same period.