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Sunday, December 3, 2023

It’s Not Over Yet For Coca-Cola Co (NYSE: KO)

After Hours

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. After-hours trades for Coca-Cola Co (KO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0003, or 0.00%, to $56.6603. The Coca-Cola Co has recorded 498,480 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed The Coca-Cola Company Comments on Tax Court Decision.

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Stocks Info

This NYSE-listed company operates within the Beverages – Non-Alcoholic industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $56.66 and fluctuated between $57.14 as its day high and $56.37 as its day low. The current market capitalization of Coca-Cola Co is $244.96B. A total of 12.02 million shares were traded on the day, compared to an average of 14.28M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, KO has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 113,103 and the disposition of 113,103 shares. Over the last 12 months, there were 42 BUYs and 38 SELLs from insiders. Insiders purchased 2,865,154 shares during that period but sold 3,163,570.

In the most recent transaction, Perez Beatriz R sold 20,534 shares of KO for 56.12 per share on Oct 26. After the transaction, the Senior Vice President now owns 143,383 company shares. In a previous transaction on Oct 17, Quincey James sold 92,029 shares at 53.86 per share. KO shares that Chairman and CEO owns now total 442,546.

Among the insiders who sold shares, Quincey James disposed of 92,029 shares on Sep 18 at a per-share price of $58.09. This resulted in the Chairman and CEO holding 442,546 shares of KO after the transaction. In another insider transaction, Douglas Monica Howard sold 21,074 shares at $60.90 per share on Aug 10. Company shares held by the SVP & General Counsel now total 18,360.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Coca-Cola Co pays an annual dividend of $1.81, resulting in a dividend yield of 3.19%, and it has a price to earnings (P/E) ratio of 22.84. KO’s most recent ex-dividend date was 11/30/2023 when it declared a $0.46 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 9/14/2023. The KO stock dividend was $0.46 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for KO in the last 3 months, the mean price target is $64.32 with high estimates of $74.00 and low estimates of $59.00. In terms of 52-week highs and lows, KO has a high of $64.99 and a low of $51.55.

As of this writing, KO has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.68 per share and a lower estimate of $0.62. The company reported an EPS of $0.68 in the last quarter, which was 6.30% higher than expectations of $0.64.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. KO’s latest balance sheet shows that the firm has $12.62B in Cash & Short Term Investments as of fiscal 2021. There were $42.76B in debt and $19.95B in liabilities at the time. Its Book Value Per Share was $6.09, while its Total Shareholder’s Equity was $24.86B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.64.

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