Reflections On The Current State Of Freeport-McMoRan Inc. (FCX), The Coca-Cola Company (KO)

You should consider shares of Freeport-McMoRan Inc. (NYSE:FCX) and The Coca-Cola Company (NYSE:KO) if you are looking for a great stocks to invest in. Starting with the FCX shares, which traded at $12.98 at the close of the recent session, dropping -1.74%. On Wednesday, the company’s shares shed -$0.23 from its value which represented in intraday trading. The stock is now -1.07% lower in year-to-date (YTD) trading. FCX’s intraday high was $13.13 while its lowest price touched $12.85. The stock’s 52-week high price is $14.68, which means the current price is at -11.55%. In terms of trading activity, the daily trading volume fell to 20263872 against 200-day average trading volume of 21,108,553 shares.

What are analyst forecasts for Freeport-McMoRan Inc. (NYSE:FCX)?

At a consensus rating of 4.29, FCX is trending as a streaking Moderate Buy, as it has been the case a month ago when 15 analysts called it a Moderate Buy. Two months ago, 15 analysts recommended, on average, that FCX stock is a Moderate Buy. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Wednesday compared to its opening price of $13.06 on the day.

Forecasts for Freeport-McMoRan Inc. (NYSE:FCX) give the stock a fair value for the growth of 7.29% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $14.00, which means the price per share could rise by nearly $1.02. The price range target is between a low of $10.00 and a high of $18.00. The stock would need to gain by about $27.89 to hit the estimated high or 0.65% from its 12-month low.

The consensus among 22 analysts is that it is a good time for one to Overweight in the Freeport-McMoRan Inc. 13 analysts rate FCX as a Buy, with 1 of 22 analysts rate it as a Sell. 0 have valued the stock as Overweight and 8 have recommended that investors Hold.

Freeport-McMoRan Inc. (NYSE:FCX) Upgrades and Downgrades

In terms of rating changes, Credit Suisse on January 14, 2020, Downgrade Freeport-McMoRan Inc. (FCX) at Underperform. They believe the stock could reach $10 in the near term. Analysts at BMO Capital Markets have assigned a Outperform rating for the stock in their research note on December 17, 2019 with an estimated price target of $17. Moreover, BofA/Merrill analysts issued a rating of Buy for the stock on November 13, 2019, giving it a price target of $14 for the next 12 months. On November 07, 2019, the stock earned a Overweight rating due to an analyst call from Morgan Stanley, while analysts from UBS on October 10, 2019 suggested that the stock is Buy.

The Coca-Cola Company (NYSE:KO) adds $0.7 on Wednesday

The KO stock has risen 2.44% year-to-date and is currently trading at $56.70, which is 0.72% below its 52-week high. The company shares gained 1.25% on the day and have risen nearly 27.65% off a low hit. At current levels, The Coca-Cola Company has a valuation of about $35.26B. As of 01/15/20, this stock has risen 4.32% during the week and closed at $56.00 in the previous session. However, recent The Coca-Cola Company stock performance shows that KO shares are 4.19% up over the last month, and 5.96% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.43, with the trailing 12-month share earnings at $1.77. The ratio is expected to be up by 1.00% for the current year 2019 and 7.60% for next year. Over the next 5-year period, earnings per share will be 5.08%. But will the KO stock surprise in the current quarter results, where the $0.56 actual EPS reported on 9/29/2019 surprised by 0.00% or was lower by $0 from the estimated $0.56.

Sales Growth to climb 4.20% for the year

How well will The Coca-Cola Company perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $8.53B and $9.05B in current quarter sales. The consensus estimated for the current quarter is $8.85B from sales. Forecasts for this fiscal year are between $36.73B and $37.4B and the consensus estimate for sales is at $37.07B. KO has its next quarter sales estimates at between $8.92B and $9.56B, with the quarter-over-quarter growth estimates at 13.20% and the annual growth forecast for the year at 4.20%.

Who owns shares in The Coca-Cola Company (KO)?

Let’s briefly focus on the share ownership of the The Coca-Cola Company (NYSE:KO) stock, where we find that 69.56% of shares are held by institutions. Berkshire Hathaway, Inc tops the list of institutional owners as it is holding 400.0 million shares or 9.34% of shares outstanding. Vanguard Group, Inc. (The) and Blackrock Inc. held 312.85 million and 268.84 million representing 7.30% and 6.27% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 181.62 million shares at over 9.89 billion. This represented 4.24% of shares outstanding. Wellington Management Company, LLP held 92.95 million shares at over 5.06 billion representing 2.17% of shares outstanding.

KO Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at The Coca-Cola Company (KO), a total of 626450 shares have been sold by insiders over the last 6 months while 666164 shares were added in the same time span. On 8/16/2019, by the name Koumettis Nikolaos sold 146000.0 shares worth $7.9 million at the price of $54.31 per share. Filings also show that Crespo Benitez Francisco sold a total of 130637.0 shares on 9/12/2019 valued at $7.2 million. Since the last insider activity, the company’s share price has climbed 2.89%.