Coca-Cola Co (NYSE:KO) shares traded 0.95% higher at $63.70 on Wall Street last session.
KO stock price is now 1.17% away from the 50-day moving average and 6.80% away from the 200-day moving average. The market capitalization of the company currently stands at $274.42B.
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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, COCA COLA CO, 10% Owner sold 598,619 shares of the company’s stock on Jul 05 ’24. The stock was sold for $553,722,575 at an average price of $925.00. Upon completion of the transaction, the 10% Owner now directly owns 1,883,546 shares in the company, valued at $119.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, Europe OU President KOUMETTIS NIKOLAOS sold 80,891 shares of the business’s stock. A total of $5,042,996 was realized by selling the stock at an average price of $62.34. This leaves the insider owning 218,880 shares of the company worth $13.94 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 $302781759488, which is based on a 25.59 price-to-earnings ratio, a 4.24 price-to-earnings-growth ratio, and a beta of 0.59. The fifty day moving average price for KO is $63.0006 and a two-hundred day moving average price translates $59.67775 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.
