In yesterday’s Wall Street session, Coca-Cola Co (NYSE:KO) shares traded at $63.36, down -0.88% from the previous session.
KO stock price is now -8.67% away from the 50-day moving average and -1.82% away from the 200-day moving average. The market capitalization of the company currently stands at $274.06B.
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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, Quincey James, Officer bought 100,000 shares of the company’s stock on Nov 07 ’24. The stock was bought for $6,379,500 at an average price of $63.80. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Executive Vice President QUAN NANCY sold 18,484 shares of the business’s stock. A total of $1,321,606 was realized by selling the stock at an average price of $71.50. This leaves the insider owning 223,330 shares of the company worth $14.15 million. A total of 0.77% of the company’s stock is owned by insiders.
During the past 12 months, Coca-Cola Co has had a low of $56.06 and a high of $73.53. As of last week, the company has a debt-to-equity ratio of 1.74, a current ratio of 1.06, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $305944395776, which is based on a 26.31 price-to-earnings ratio, a 4.80 price-to-earnings-growth ratio, and a beta of 0.61. The fifty day moving average price for KO is $69.5576 and a two-hundred day moving average price translates $64.51175 for the stock.
The latest earnings results from Coca-Cola Co (NYSE: KO) was released for 2024-09-27. The net profit margin was 22.44% and return on equity was 39.40% for KO. The company reported revenue of $11.85 billion for the quarter, compared to $11.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.83 percent.
