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Wednesday, February 1, 2023

An Evaluation Of The Coca-Cola Company (NYSE: KO) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for The Coca-Cola Company (KO) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $60.55. The The Coca-Cola Company has recorded 299,221 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed The Coca-Cola Company Announces Timing of Fourth Quarter and Full Year 2022 Earnings Release.

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Stocks Info

KO belongs to the Consumer Defensive sector of the NYSE while operating in the Beverages – Non-Alcoholic industry. At the end of the last regular session, the stock closed at $60.55 and fluctuated between $63.26 as its day high and $59.80 as its day low. The current market capitalization of The Coca-Cola Company is $260.28B. A total of 10.06 million shares were traded on the day, compared to an average of 12.97M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, KO has seen 5 BUY and 5 SELL insider trades, representing the acquisition of 631,468 and the disposition of 1,412,014 shares. Over the last 12 months, there were 32 BUYs and 45 SELLs from insiders. Insiders purchased 1,904,513 shares during that period but sold 2,517,176.

In the most recent transaction, SMITH BRIAN JOHN sold 126,972 shares of KO for 62.07 per share on Jan 17. After the transaction, the Senior Executive now owns 116,168 company shares. In a previous transaction on Dec 16, SMITH BRIAN JOHN sold 94,200 shares at 63.02 per share. KO shares that Senior Executive owns now total 116,168.

Among the insiders who sold shares, QUAN NANCY disposed of 13,746 shares on Nov 18 at a per-share price of $61.12. This resulted in the SVP & Chief Technical Officer holding 184,710 shares of KO after the transaction. In another insider transaction, RANDAZZA MARK sold 42,068 shares at $60.86 per share on Nov 11. Company shares held by the Principal Accounting Officer now total 40,146.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. The Coca-Cola Company pays an annual dividend of $1.76, resulting in a dividend yield of 2.91%, and it has a price to earnings (P/E) ratio of 26.55. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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