On the upside, The Coca-Cola Company (NYSE:KO) will test short term resistance at around $47.88. On a downside, the share price is likely to find some support, which begins at $46.95. The failure to get near-term support could push it to $46.33. Its 50 day simple moving average (SMA 50) price is $48.48 and its 200-day simple moving average (SMA 200) price is $45.5. The company’s stock currently has a total float of 4.22B shares. Its weekly volatility is hovering around 1.71% and felt 2.21% volatility in price over a month.
KO stock has been range bound between the range of $46.64 and $46.64 during the whole day. The stock finished Friday at $47.57. The 1.99% uptrend helped its market value to reach at $202.41B. The price went up as high as $46.64 before retreating. Trading activity significantly weakened as the volume at ready counter decreased to 12,871,836 shares versus 15,675,160 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 13,110,634 shares. The stock is now 14.76% above against its bear-market low of $41.45 on May 15, 2018. It has retreated -6.87% since it’s 52-week high of $50.84 reached in November. Now the market price is up 4.69% on the year and up 0.46% YTD.
Separately, it has been reported that multiple insider activity took place at The Coca-Cola Company (KO). Senior Vice President Mann Jennifer K sold 15,100 shares for $30,237 in transaction occurred on 2018/11/19. After making this transaction, the Senior Vice President owns a direct stake of 761,040 shares, worth $1,438,374, as per the last closing price. On 2018/11/12 Dinkins James L, Senior Vice President at KO, dumped 9,150 shares at an average price of $49.95 per share. The selling total is valued at $1,145,771.
Senior Vice President, Perez Beatriz R had divested 10,000 shares for $100,762 through a trade on 2018/11/12. Following this activity, the insider holds 499,800 shares worth $4,793,248 as of recent close.Wall Street’s most bullish The Coca-Cola Company (NYSE:KO) analysts are predicting the share price to blow past $64 per share during the next 12 months. The current median share price forecast by them is $51, suggesting that the stock could increase 7.21% in that time frame. The average price target of $51.92 calls for a nearly 9.14% increase in the stock price.
It had seen a new analyst call from UBS, which initiated the stock at Neutral on December 13. Analysts at Goldman, shed their negative views on April 17 by lifting it fromSell to Neutral. The stock won favor of Evercore ISI analysts who expressed their confidence in it using an upgrade from In-line to Outperform on January 12.
When looking at valuations, The Coca-Cola Company (KO) has a cheap P/E of 30.4x as compared to industry average of 36.74x. Moreover, it trades for 21.46 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 11.09x price/book and 6.26x price/sales. Compared to others, The Coca-Cola Company is in a different league with regards to profitability, having net margins of 8.6%. To put some perspective around this, the industry’s average net margin is 5.9%. KO’s ROE is 15.1%, which is also considerably better than the industry’s ROE of 11.73%. It’s also very liquid in the near term, with a current ratio of 1.1. The stock has a debt/capital of 2.45.
Shares of The Coca-Cola Company (KO) have gained 2.4% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, The Coca-Cola Company (NYSE:KO) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations. KO last reported earnings on October 30, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.58 per share, -89.1% change on the same period last year. That was better than consensus for $0.55. Revenue for the recent quarter stood at $8.26 billion, down -9% on last year and above the $8.17 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $7.29 billion to $8.01 billion, which should be compared with $7.46 billion generated last year. EPS is seen in a range of $0.58 to $0.66, against the $0.62 reported a year ago.