Coca-Cola Co (NYSE:KO) shares traded 0.58% higher at $69.38 on Wall Street last session.
KO stock price is now 6.33% away from the 50-day moving average and 13.19% away from the 200-day moving average. The market capitalization of the company currently stands at $299.02B.
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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, Perez Beatriz R, Executive Vice President sold 35,382 shares of the company’s stock on Aug 08 ’24. The stock was sold for $2,427,984 at an average price of $68.62. Upon completion of the transaction, the Executive Vice President now directly owns 167,107 shares in the company, valued at $11.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, Executive Vice President ARROYO MANUEL sold 27,509 shares of the business’s stock. A total of $1,876,670 was realized by selling the stock at an average price of $68.22. This leaves the insider owning 145,583 shares of the company worth $10.1 million. A total of 0.88% 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 $69.67. As of last week, the company has a debt-to-equity ratio of 1.69, a current ratio of 1.08, and a quick ratio of 0.92. According to the stock market information, the enterprise value for the company is $326639648768, which is based on a 28.20 price-to-earnings ratio, a 4.65 price-to-earnings-growth ratio, and a beta of 0.60. The fifty day moving average price for KO is $65.3594 and a two-hundred day moving average price translates $61.3581 for the stock.
The latest earnings results from Coca-Cola Co (NYSE: KO) was released for 2024-06-28. The net profit margin was 22.92% and return on equity was 41.06% for KO. The company reported revenue of $12.36 billion for the quarter, compared to $11.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.27 percent.
