Coca-Cola stock trades in the green for seven straight days
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The Coca-Cola Company (NYSE:KO) shares traded in the green on Tuesday, making it the seventh consecutive day of gains. The stock closed up 0.75% at $73.02.
KO stock rose about 24% in the last 12 months. YTD, the stock is trading up about 23%, compared to the broader S&P 500 market which is up 18.42%.
Looking at Seeking Alpha’s Quant Ratings, this company has a Hold rating with a score of 3.47 out of 5.
When it comes to Wall Street analysis, 12 out of 25 analysts recommend a Strong Buy, 6 recommend a Buy, 6 recommend a Hold and 1 recommends a Sell.
According to SA analyst Steven Fiorillo, “With KO’s yield below 3% and a high forward P/E ratio, I believe there are better opportunities for capital allocation in a rate-cutting environment.”
Seeking Alpha analysts have a Hold rating on the company.