Market Analysts see The Coca-Cola Company [KO] gaining to $68. Time to buy?

The Coca-Cola Company [NYSE: KO] loss -0.42% on the last trading session, reaching $59.21 price per share at the time. The company report on March 7, 2023 that vitaminwater Introduces Two New Flavors and Innovative Reformulation of Zero Sugar Lineup.

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‘with love’ and ‘forever you’ Spark 2023 Evolution of Brand’s “Nourish Every You” Campaign.

Today, vitaminwater® announced the addition of two new flavors – ‘with love’ and ‘forever you’ – to its zero sugar lineup, plus an innovative reformulation for all six zero sugar flavors. The new zero sugar reformulation offers our latest sweetener formula that includes monk fruit and stevia in addition to added vitamins and nutrients. The products are now available nationwide at mass retailers, grocery stores and convenience stores.

The Coca-Cola Company represents 4.33 billion in outstanding shares, while the company has a total market value of $257.27 billion with the latest information. KO stock price has been found in the range of $58.99 to $60.14.

If compared to the average trading volume of 13.08M shares, KO reached a trading volume of 13443051 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 $68.64 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.

Citigroup have made an estimate for The Coca-Cola Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 17, 2023. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $70 to $68. The new note on the price target was released on February 15, 2023, representing the official price target for The Coca-Cola Company stock. Previously, the target price had yet another raise from $68 to $70, while Morgan Stanley kept a Overweight rating on KO stock. On February 15, 2023, analysts increased their price target for KO shares from 62 to 63.

The Average True Range (ATR) for The Coca-Cola Company is set at 0.89, with the Price to Sales ratio for KO stock in the period of the last 12 months amounting to 5.98. The Price to Book ratio for the last quarter was 10.63, with the Price to Cash per share for the same quarter was set at 2.68. Price to Free Cash Flow for KO in the course of the last twelve months was 134.13 with Quick ratio for the last quarter at 0.90.

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 -0.39. With this latest performance, KO shares dropped by -0.85% in over the last four-week period, additionally sinking by -4.68% over the last 6 months – not to mention a rise of 0.42% 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 42.64, with the RSI for the last a single of trading hit 41.20, and the three-weeks RSI is set at 43.48 for The Coca-Cola Company [KO]. The present Moving Average for the last 50 days of trading for this stock 60.68, while it was recorded at 59.82 for the last single week of trading, and 61.21 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 +27.90 and a Gross Margin at +57.91. The Coca-Cola Company’s Net Margin is presently recorded at +22.27.

Return on Equity for this stock inclined to 40.51, with Return on Assets sitting at 10.20.

The Coca-Cola Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.

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

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 6.06%.

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

There are presently around $181,536 million, or 71.50% 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 0.68% of the total institutional ownership; VANGUARD GROUP INC, holding 368,192,362 shares of the stock with an approximate value of $21.8 billion in KO stocks shares; and BLACKROCK INC., currently with $18.41 billion in KO stock with ownership of nearly 2.985% of the company’s market capitalization.

Positions in The Coca-Cola Company stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 1,495 institutional holders increased their position in The Coca-Cola Company [NYSE:KO] by around 117,010,005 shares. Additionally, 1,175 investors decreased positions by around 82,102,174 shares, while 344 investors held positions by with 2,866,852,645 shares. The mentioned changes placed institutional holdings at 3,065,964,824 shares, according to the latest SEC report filing. KO stock had 284 new institutional investments in for a total of 18,589,098 shares, while 112 institutional investors sold positions of 6,277,559 shares during the same period.


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