In the last trading session, 13.75 million shares of the The Coca-Cola Company (NYSE:KO) were traded, and its beta was 0.65. Most recently the company’s share price was $54.12, and it changed around $0.24 or 0.45% from the last close, which brings the market valuation of the company to $232.58B. KO currently trades at a discount to its 52-week high of $57.56, offering almost -6.36% off that amount. The share price’s 52-week low was $47.30, which indicates that the current value has risen by an impressive 12.6% since then. We note from The Coca-Cola Company’s average daily trading volume that its 10-day average is 16.88 million shares, with the 3-month average coming to 13.57 million.
The Coca-Cola Company stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 0 out of 28 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 11 recommended KO as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. The Coca-Cola Company is expected to report earnings per share of $0.58 for the current quarter.
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Instantly KO has showed a green trend with a performance of 0.45% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 54.39 on Friday, 10/08/21 increased the stock’s daily price by 0.5%. The company’s shares are currently down -1.31% year-to-date, but still up 2.07% over the last five days. On the other hand, The Coca-Cola Company (NYSE:KO) is -3.11% up in the 30-day period. We can see from the shorts that 28.46 million shares have been sold at a short interest cover period of 2.32 day(s).
The consensus price target as assigned by Wall Street analysts is $62.08, which translates to bulls needing to increase their stock price by 12.82% from its current value. Analyst projections state that KO is forecast to be at a low of $55.00 and a high of $67.00. In order for the stock price to hit the forecast high, the stock would need to plunge -23.8% from its current level, while the stock would need to crash -1.63% from its current level to reach the projected low.
The Coca-Cola Company (KO) estimates and forecasts
The Coca-Cola Company share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.44 percent over the past six months and at a 15.38% annual growth rate that is well below the industry average of 25.10%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 5.50% in revenue this quarter, and will report a decrease of -4.30% in the next quarter. The year-over-year growth rate is expected to be 15.10%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $9.8 billion in revenue for the current quarter. 15 analysts expect The Coca-Cola Company to make $9.04 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $8.65 billion and $8.6 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 13.40%. Forecasts for the next quarter put sales growth at 5.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 1.40%. The Coca-Cola Company earnings are expected to increase by -13.30% in 2021, but the outlook is positive 10.12% per year for the next five years.
The Coca-Cola Company’s next quarterly earnings report is expected to be released around October 20 and October 25. The annual dividend yield of the stock is 3.10 percent and its annual dividend per share was 1.68. It is important to note, however, that the 3.10% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.23 per year.
The Coca-Cola Company (NYSE:KO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.64% of The Coca-Cola Company shares, and 69.00% of them are in the hands of institutional investors. The stock currently has a share float of 69.45%. The Coca-Cola Company stock is held by 3,162 institutions, with Berkshire Hathaway, Inc being the largest institutional investor. By Jun 29, 2021, it held 9.28% of the shares, which is about 400.0 million shares worth $21.64 billion.
Vanguard Group, Inc. (The), with 7.97% or 343.53 million shares worth $18.59 billion as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Mar 30, 2021. The former held 109.04 million shares worth $5.75 billion, making up 2.53% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 79.42 million shares worth around $4.19 billion, which represents about 1.84% of the total shares outstanding.