Coca-Cola Company (The) (NYSE:KO) traded at a new 52-week high today of $62.20. Approximately 3.4 million shares have changed hands today, as compared to an average 30-day volume of 18.3 million shares.
In the past 52 weeks, Coca-Cola Company (The) share prices are bracketed by a low of $48.97 and a high of $62.20 and is now at $62.02, 27% above that low price.
Coca-Cola Company (The) (NYSE:KO) defies analysts with a current price ($62.02) 13.0% above its average consensus price target of $53.93.
Coca-Cola is the largest nonalcoholic beverage entity in the world, owning and marketing some of the leading carbonated beverage brands, such as Coke, Fanta, and Sprite, as well as nonsparkling brands, such as Minute Maid, Georgia Coffee, Costa, and Glaceau. Operationally, the firm focuses its manufacturing efforts early in the supply chain, making the concentrate (or beverage bases) for its drinks that are then processed and distributed by its network of more than 100 bottlers. Concentrate operations represent roughly 85% of the company’s unit case volume.
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