Shares of The Coca-Cola Company (NYSE:KO) traded today at $62.52, eclipsing its 12-month high. Approximately 4.4 million shares have changed hands today, as compared to an average 30-day volume of 19.9 million shares.
Based on a current price of $62.34, The Coca-Cola Company is currently 0.3% above its average consensus analyst price target of $62.15.
In the past 12 months, shares of The Coca-Cola Company have traded between a low of $48.97 and a high of $62.52 and are now at $62.34, which is 27% above that low price.
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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