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Wednesday, February 1, 2023

Investors’ Patience Is Being Tested Right Now By The Coca-Cola Company (NYSE: KO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for The Coca-Cola Company (KO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.03%, to $61.66. The The Coca-Cola Company has recorded 1,615,503 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted The Coca-Cola Company Announces Timing of Fourth Quarter and Full Year 2022 Earnings Release.

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Stocks Info

The Coca-Cola Company is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Beverages – Non-Alcoholic industry. At the end of the last regular session, the stock closed at $61.68 and fluctuated between $62.38 as its day high and $61.56 as its day low. The current market capitalization of The Coca-Cola Company is $265.78B. A total of 18.33 million shares were traded on the day, compared to an average of 12.83M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, KO has seen 4 BUY and 4 SELL insider trades, representing the acquisition of 537,268 and the disposition of 1,317,814 shares. Over the last 12 months, there were 31 BUYs and 44 SELLs from insiders. Insiders purchased 1,810,313 shares during that period but sold 2,422,976.

In the most recent transaction, SMITH BRIAN JOHN sold 94,200 shares of KO for 63.02 per share on Dec 16. After the transaction, the Senior Executive now owns 116,168 company shares. In a previous transaction on Nov 18, QUAN NANCY sold 13,746 shares at 61.12 per share. KO shares that SVP & Chief Technical Officer owns now total 184,710.

Among the insiders who sold shares, RANDAZZA MARK disposed of 42,068 shares on Nov 11 at a per-share price of $60.86. This resulted in the Principal Accounting Officer holding 40,146 shares of KO after the transaction. In another insider transaction, Allen Herbert A III bought 33,200 shares at $60.18 per share on Oct 28. Company shares held by the Director now total 99,054.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. The Coca-Cola Company pays an annual dividend of $1.76, resulting in a dividend yield of 2.85%, and it has a price to earnings (P/E) ratio of 27.04. KO’s most recent ex-dividend date was 11/30/2022 when it declared a $0.44 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 10/3/2022 with an ex-dividend date of 9/15/2022. The KO stock dividend was $0.44 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for KO in the last 3 months, the mean price target is $68.24 with high estimates of $77.00 and low estimates of $61.00. In terms of 52-week highs and lows, KO has a high of $67.20 and a low of $54.01.

As of this writing, KO has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.5 per share and a lower estimate of $0.43. The company reported an EPS of $0.7 in the last quarter, which was 4.50% higher than expectations of $0.67.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 27 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KO is Sell with a score of 4.45. A total of 15 analysts rated the stock as Buy while 5 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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