The price of Coca-Cola Co (NYSE:KO) shares last traded on Wall Street rose 0.60% to $63.26.
KO stock price is now 4.73% away from the 50-day moving average and 7.20% away from the 200-day moving average. The market capitalization of the company currently stands at $272.52B.
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With the price target enhanced from $67 to $68, Citigroup maintained Buy rating for Coca-Cola Co (NYSE: KO). On November 13, 2023, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $64, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, MURPHY JOHN, President and CFO sold 57,298 shares of the company’s stock on May 09 ’24. The stock was sold for $3,604,680 at an average price of $62.91. Upon completion of the transaction, the President and CFO now directly owns 130,008 shares in the company, valued at $8.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, Executive Vice President QUAN NANCY sold 37,368 shares of the business’s stock. A total of $2,327,346 was realized by selling the stock at an average price of $62.28. This leaves the insider owning 223,330 shares of the company worth $14.13 million. A total of 0.78% of the company’s stock is owned by insiders.
During the past 12 months, Coca-Cola Co has had a low of $51.55 and a high of $64.25. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 1.04, and a quick ratio of 0.86.
According to the Beverages – Non-Alcoholic Company, earnings per share came in at 0.78, beating analysts’ expectations of 0.72 by 0.06. This compares to $0.72 EPS in the same period last year. The net profit margin was 23.37% and return on equity was 41.76% for KO. The company reported revenue of $11.3 billion for the quarter, compared to $10.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.91 percent. For the current quarter, analysts expect KO to generate $11.78B in revenue.
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