Coca-Cola stock: buy or sell

KO stock price: $54.61 0.81% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

Coca-Cola stock brief

  • Counting on Wednesday, it's been 5 consecutive sessions in green for Coca-Cola. Price closed on Wednesday at $54.61 after slightly moving a 0.81%.
  • The price is currently higher than the upper Bollinger band, which usually indicates a short-term correction
  • Last Monday, Coca-Cola presented its Q1 financial report
  • Credit Suisse Group posted a strong buy rating for Coca-Cola on Wednesday, targeting $60.00
  • The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide.

Should I buy Coca-Cola stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $KO stock a buy?

Currently, Coca-Cola stock matches one trading strategy:

Uptrend buy setup

Coca-Cola stock continues to trend higher since last January and marked a gorgeous 14.46% gain. Price marked a pull back in this uptrend at $50.17 in mid-March, and since then it bounced up a 8.85%. Price just broke out above the entry point at $52.06, but it's still eligible. If price goes beyond $54.66, don't chase the price and wait for the following opportunity. If you decide to enter this trade, the suggested stop loss is at $48.66

Buy setupBuy pointStop lossRisk
Uptrend buy setup$52.06$48.666.52%

Should I sell Coca-Cola stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making rash decisions based on our personal emotions or the buzz that surrounds the market. Our trading system selects very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups should not be used for shorting Coca-Cola stock

A golden rule is that you should never hold an open trade that generates losses greater than those expected at the time of the buy. The moment to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Coca-Cola stock?

In the current situation of Coca-Cola there is not any eligible sell setup, so Coca-Cola stock holders with operations in green can keep their positions

Coca-Cola ratings

In the last month, 4 brokerage ratings were published for Coca-Cola

Coca-Cola analysts' ratings - Last month
Brokerage firmRating
Apr 12th, 2021
Wolfe Research
Apr 20th, 2021
Citigroup Neutral
Evercore ISI Buy
Apr 21st, 2021
Credit Suisse Group Strong buy

Coca-Cola stock analysis

Coca-Cola stock started an uptrend last January, and gained a gorgeous 14.46%. The chart shows higher highs and higher lows, and along the way gave some entry points for those who wanted to enter. Latest low was in mid-March, when price bounced at $50.17. In late March, Coca-Cola broke out above its last top ($52.06) giving a good entry point

SMAs overview

KO stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $57.66 (5.59% above)
  • The current support levels are:

  • S1: $54.48 (-0.24% below)
  • S2: $53.75 (-1.57% below)
  • S3: $52.84 (-3.24% below)
  • Bollinger bands

    The evolution of the Bollinger Bands on the chart proves that they are relatively close to each other (less than 5%), which clearly indicates that price volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders correctly

    KO stock Bollinger Bands chart

    Relative strength index

    Climbed above the 70 level Wednesday, marking a value of 72.18. Crossing up above the level of 70 is not a sell signal, as stock price can be above 70 for many, many weeks and continue to climb

    KO stock RSI chart

    Coca-Cola stock price history

    Coca-Cola started trading on Jan 2nd, 1962 priced at $0.05 per share1. Since then, KO stock has risen by 109,120.00%, with an average of 1,849.49% per year. An investment of thousand dollars on the IPO would be valued $1,092,200.00 today.

    1: Adjusted price after possible price splits or reverse-splits

    KO stock price history chart

    Price target for Coca-Cola stock

    Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    The following table shows the price predictions published by analysts in the last month. Again, these targets are not direct recommendations for individual investors and must not be followed blindly.

    The average price target for Coca-Cola stock calculated from the table below is $60.00. That is a 9.87% than the last price ($54.61).

    Coca-Cola stock price predictions
    Brokerage firmPrice target
    Apr 12th, 2021
    Wolfe Research Not available
    Apr 20th, 2021
    Citigroup $54.00$57.00
    Evercore ISI $60.00$63.00
    Apr 21st, 2021
    Credit Suisse Group $60.00

    Earnings and financials

    Coca-Cola ($KO) hosted the quarterly investors call and released the report last Monday. Coca-Cola topped Wall St estimates and reported of $0.55, that is a 10.00% surprise versus the estimates of $0.50. On the same basis, reported revenues were $9.0 billion compared to estimates of $8.6 billion.

    Same quarter one year ago, reported EPS was $0.51, so recently reported EPS is a gain of 7.84%. Looking at turnover, figures merely moved compared to $86.0B same quarter 12 months ago.

    Coca-Cola ($KO) is posting quarterly earnings report next July.

    Coca-Cola competitors

    Coca-Cola is part of the Beverages - Non-Alcoholic industry, which contain industry peers.

    Coca-Cola major competitors are:

    Coca-Cola competitors
    CompanyMarket capRatingBullish ratings1
    Coca-Cola ($KO) $219.9B Buy 2
    PepsiCo ($PEP) $184.3B Buy 4
    Monster ($MNST) $45.0B Neutral 0
    Coca-Cola European Partners (CCEP) $23.9B Neutral 0
    Coca Cola Femsa S.A.B. de C.V. American (KOF) $10.4B Neutral 0
    National Beverage (FIZZ) $4.7B Neutral 0
    Reeds (REED) $91.0M Neutral 0

    1 In the last 30 days.

    Coca-Cola performance

    To better understand Coca-Cola performance you must compare its gains with other related stocks in same sector or industry.. For Coca-Cola, the benchmark is made against PepsiCo, Monster, Coca-Cola European Partners, Coca Cola Femsa S.A.B. de C.V. American , National Beverage and Reeds.

    KO performance compared
    Company1m3m6m
    Coca-Cola ($KO) 7.10% 12.90% 11.20%
    PepsiCo ($PEP) 6.20% 5.60% 5.80%
    Monster ($MNST) 9.00% 9.40% 21.70%
    Coca-Cola European Partners (CCEP) 9.40% 16.80% 49.30%
    Coca Cola Femsa S.A.B. de C.V. American (KOF) 3.70% 4.00% 24.20%
    National Beverage (FIZZ) 9.70% 15.20% 35.70%
    Reeds (REED) -21.00% 14.60% -6.00%

    Disclaimer:
    The viewpoints published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the particular situations of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for informational purposes only

    Coca-Cola summary

    Wednesday, April 21st, 2021
    Open$54.24
    Close$54.61
    Day range$54.24 - $54.74
    Previous close$54.17
    Session gain0.81%
    Average true range$0.71
    50d mov avg$51.34
    100d mov avg$51.14
    200d mov avg$49.68
    Earnings dateJuly 20th, 2021

    Frequently asked questions

    What is Coca-Cola stock symbol?

    The Coca-Cola Company is a public company trading in the US stock market with the KO symbol

    Is Coca-Cola stock a buy or sell?

    Coca-Cola received 4 ratings in the last 30 days: 2 bullish, 0 bearish and 1 neutral.

    Will KO go up?

    Coca-Cola had different price predictions published by market analysts in the last 4 weeks setting the target price to $60.00. That is a 9.87% than the last price ($54.61).