Stocks of Coca-Cola Co (NYSE:KO) traded higher last session on Wall Street, down -0.27% to $62.38.
KO stock price is now -3.60% away from the 50-day moving average and -4.00% away from the 200-day moving average. The market capitalization of the company currently stands at $269.15B.
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With the price target enhanced from $68 to $70, Deutsche Bank Upgraded its rating from Hold to Buy for Coca-Cola Co (NYSE: KO). On June 24, 2024, Exane BNP Paribas recently initiated its ‘Outperform’ rating on the stock quoting a target price of $72, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Douglas Monica Howard, Officer bought 10,950 shares of the company’s stock on Nov 22 ’24. The stock was bought for $696,996 at an average price of $63.65. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Executive Vice President Douglas Monica Howard sold 10,950 shares of the business’s stock. A total of $697,673 was realized by selling the stock at an average price of $63.71. This leaves the insider owning 22,688 shares of the company worth $1.42 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 $57.47 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 $300042715136, which is based on a 25.91 price-to-earnings ratio, a 4.51 price-to-earnings-growth ratio, and a beta of 0.61. The fifty day moving average price for KO is $64.8534 and a two-hundred day moving average price translates $64.96195 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.
