Coca-Cola Co [KO] Stock trading around $61.18 per share: What’s Next?

Coca-Cola Co [NYSE: KO] stock went on an upward path that rose over 0.25% on Thursday, amounting to a one-week price increase of more than 1.17%. The company report on March 28, 2024 at 10:00 AM that The Coca-Cola Company Announces Timing of First Quarter 2024 Earnings Release.

The Coca-Cola Company today announced it will release first quarter 2024 financial results April 30 before the New York Stock Exchange opens. The release will be followed by an investor conference call at 8:30 a.m. ET to discuss the results.

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The company invites investors to join a webcast at Downloadable files, as well as a transcript, will be available within 24 hours after the call on the company’s website.

Over the last 12 months, KO stock dropped by -0.39%. The one-year Coca-Cola Co stock forecast points to a potential upside of 7.86. The average equity rating for KO stock is currently 1.72, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $263.84 billion, with 4.31 billion shares outstanding and 4.28 billion shares in the current float. Compared to the average trading volume of 14.03M shares, KO stock reached a trading volume of 13678045 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Coca-Cola Co [KO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KO shares is $66.40 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 1.72. 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 Coca-Cola Co shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 17, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on November 13, 2023, representing the official price target for Coca-Cola Co stock. Previously, the target price had yet another drop from $68 to $67, while JP Morgan kept a Overweight rating on KO stock.

The Average True Range (ATR) for Coca-Cola Co is set at 0.61, with the Price to Sales ratio for KO stock in the period of the last 12 months amounting to 5.75. The Price to Book ratio for the last quarter was 10.16, with the Price to Cash per share for the same quarter was set at 3.17. Price to Free Cash Flow for KO in the course of the last twelve months was 27.07 with Quick ratio for the last quarter at 0.95.

KO Stock Performance Analysis:

Coca-Cola Co [KO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.17. With this latest performance, KO shares gained by 1.29% in over the last four-week period, additionally plugging by 9.35% over the last 6 months – not to mention a drop of -0.39% 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 60.83, with the RSI for the last a single of trading hit 65.47, and the three-weeks RSI is set at 58.49 for Coca-Cola Co [KO]. The present Moving Average for the last 50 days of trading for this stock 60.09, while it was recorded at 60.73 for the last single week of trading, and 59.07 for the last 200 days.

Insight into Coca-Cola Co Fundamentals:

Coca-Cola Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 1.13.

KO Stock EPS

With the latest financial reports released by the company, Coca-Cola Co posted 0.68/share EPS, while the average EPS was predicted by analysts to be reported at 0.64/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.30%. 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 Coca-Cola Co go to 6.21%.

Coca-Cola Co [KO] Institutonal Ownership Details

There are presently around $189.66 billion, or None% of KO stock, in the hands of institutional investors. The top three institutional holders of KO stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in KO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in KO stock with ownership which is approximately 5.8325%.