Coca-Cola Co (NYSE:KO) traded at $61.72 at last check on Monday, April 29, made a downward move of -0.02% on its previous day’s price.
Looking at the stock we see that its previous close was $61.74. The company has a trailing 12-month PE ratio of 25.00. In terms of its 52-week price range, KO has a high of $64.69 and a low of $51.55. The company’s stock has gained about 0.89% over that past 30 days.
Coca-Cola Co has a market cap of $266.11 billion. With its Forward Dividend at 1.86 and a yield of 3.02%, the company’s investors could be anxious for the KO stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.7, with the EPS growth for the year raised at $2.81 for 2024 and $3 for next year. These figures represent 4.50% and 6.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $11.01 billion, with a low of $10.78 billion and a high of $11.28 billion. The median projection represents growth squeezing down to 0.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $45.85 billion, or 0.10% up from figures reported last year.
On the other hand, looking at the outlook for the KO stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the KO stock currently stands at 4.14, and the most recent price level today is 3.33% off its SMA20 and 2.73% from its 50-day simple moving average. The RSI (14) is pointing at 66.58 while the volatility over the past week is 1.68% and jumps to 1.25% over the past one month. The beta value is 0.58, while the average true range (ATR) is currently pointing at 0.77.
Coming back to Coca-Cola Co (NYSE:KO), we note that the average 3-month trading volume was 14.27 million. Current shares outstanding are 4.31 billion.
The insiders hold 0.62% of the company’s shares while institutions hold 72.46%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 4.74% up in year-to-date price movement.
