Coca-Cola Co (NYSE: KO): Is It A Buying Opportunity Again?

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. The stock was recently discussed on Yahoo Finance as it revealed that The Coca-Cola Company Announces Timing of First Quarter 2024 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. The current market capitalization of Coca-Cola Co is $255.73B. A total of 14.31 million shares were traded on the day, compared to an average of 14.08M shares.

In the most recent transaction, QUAN NANCY sold 57,368 shares of KO for 60.87 per share on Mar 13 ’24. After the transaction, the Executive Vice President now owns 223,330 company shares. In a previous transaction on Mar 04 ’24, Pietracci Bruno sold 18,551 shares at 59.41 per share. KO shares that President, Latin America OU owns now total 0.

Among the insiders who sold shares, Quincey James disposed of 247,188 shares on Feb 22 ’24 at a per-share price of $60.94. This resulted in the Chairman and CEO holding 442,546 shares of KO after the transaction. In another insider transaction, Perez Beatriz R sold 22,700 shares at $60.13 per share on Jan 31 ’24. Company shares held by the Executive Vice President now total 143,383.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Coca-Cola Co pays an annual dividend of $1.86, resulting in a dividend yield of 3.15%, and it has a price to earnings (P/E) ratio of 24.02. KO’s most recent ex-dividend date was 3/14/2024 when it declared a $0.4850 quarterly dividend that was paid in cash on 4/1/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The KO stock dividend was $0.46 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. 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 $0.7 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.73 per share and a lower estimate of $0.68. The company reported an EPS of $0.67 in the last quarter, which was 6.30% higher than expectations of $0.63.

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. 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 $6.02, while its Total Shareholder’s Equity was $24.86B.

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, 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 4.47.

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