Stocks of Coca-Cola Co (NYSE:KO) traded higher last session on Wall Street, down -0.58% to $63.28.
KO stock price is now 1.08% away from the 50-day moving average and 6.45% away from the 200-day moving average. The market capitalization of the company currently stands at $272.61B.
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With the price target of $72, Exane BNP Paribas recently initiated with Outperform rating for Coca-Cola Co (NYSE: KO). On January 17, 2024, Citigroup reiterated its ‘Buy’ rating on the stock by increasing its target price from $67 to quote $68, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, KOUMETTIS NIKOLAOS, Europe OU President sold 80,891 shares of the company’s stock on Jun 14 ’24. The stock was sold for $5,042,996 at an average price of $62.34. Upon completion of the transaction, the Europe OU President now directly owns 218,880 shares in the company, valued at $13.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, Executive Vice President QUAN NANCY sold 19,304 shares of the business’s stock. A total of $1,224,572 was realized by selling the stock at an average price of $63.44. 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 $64.36. 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 stock market information, the enterprise value for the company is $300972408832, which is based on a 25.42 price-to-earnings ratio, a 4.21 price-to-earnings-growth ratio, and a beta of 0.59. The fifty day moving average price for KO is $62.6942 and a two-hundred day moving average price translates $59.46745 for the stock.
The latest earnings results from Coca-Cola Co (NYSE: KO) was released for 2024-03-29. 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.
