Wednesday, 23 January, 2019

Is the $50.93 Price Target For The Coca-Cola Company (NYSE:KO) Achievable?

Coca-Cola Boss Strikes Down Canna Beverage Rumors Coca-Cola Boss Strikes Down Canna Beverage Rumors By Calvin Hughes | Oct 31 2018 | Food Business
Nellie Chapman | 01 November, 2018, 23:25

The Coca-Cola Company (KO) stock price 1.23% rising depiction highlighted by the trends created around 20 day SMA. Finally, ValuEngine upgraded The Coca-Cola from a "hold" rating to a "buy" rating in a research report on Wednesday, October 24th. Coca-Cola FEMSA has a 1-year low of $54.53 and a 1-year high of $79.42. KO has a 52 week low price of $41.45 and a 52 week high price of $48.62. The company's Market capitalization is $195.39B with the total Outstanding Shares of 4.26B. With the company affected by events now, it is a ideal time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is. The 14-day RSI is now sitting at 63.54, the 7-day is at 70.81, and the 3-day is spotted at 82.02 for The Coca-Cola Company (NYSE:KO). Getting the trading period increased to 200 days, the stock price was seen at $44.67 on average. Company has kept return on investment (ROI) at 12.50% over the previous 12 months and has been able to maintain return on asset (ROA) at 2.60% for the last twelve months.

Taking notice on volatility measures, The Coca-Cola Company has noticeable recent volatility credentials; price volatility of stock was 1.89% for a recent week and 1.56% for a month. Zacks Investment Research downgraded The Coca-Cola from a "hold" rating to a "sell" rating in a research report on Thursday, October 4th.

While net revenues for the quarter declined due to the refranchising of its bottling operations, the company delivered broad organic revenue and volume growth across all operating groups during the period. The stock price is showing 1.28% distance above 50 SMA. Suntrust Banks Inc. now owns 20,136,587 shares of the company's stock valued at $874,530,000 after acquiring an additional 265,918 shares in the last quarter.

11 analysts out of 32 Wall Street brokerage firms rate NE stock as a Buy, while 8 see it as a Sell. Amer Beacon Advsr holds 0.68% in The Coca-Cola Company (NYSE:KO) or 1,692 shs. They expect $0.55 earnings per share, up 10.00 % or $0.05 from last year's $0.5 per share.

Therefore, the stated figure displays a quarterly performance of -0.67%, bringing six-month performance to 6.27% and year to date performance of 0.09%.As of now, The Coca-Cola Company has a P/S, P/E and P/B values of 5.9, 33.42 and 10.65 respectively.

Analysts had forecast earnings per share of 55 cents per share and revenue of $8.17 billion. This represents a $1.56 annualized dividend and a dividend yield of 3.40%.

In other The Coca-Cola news, insider John Murphy sold 111,468 shares of The Coca-Cola stock in a transaction on Thursday, August 2nd. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The shares were sold at an average price of $46.46, for a total value of $5,178,803.28. It is simply KO stock's average closing price over the last 50 days. The disclosure for this sale can be found here. The Coca-Cola's payout ratio is 81.68%.

Institutional Ownership/ Insider Ownership: The Coca-Cola Company institutional ownership is held at 67.9% while insider ownership was 0.1%. Apriem Advisors owns 1,518 shs. The Company's sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.

Those gains however were offset by a drop of 3% in sales for dairy, juice and plant-based beverages, with the biggest drops in North Africa and the Middle East, along with a drop on coffee and tea. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.