CocaCola Company (The) (KO) to Issue Quarterly Dividend of $0.53 on October 1st

CocaCola Company (The) (NYSE:KO) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.53 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 15th.

CocaCola has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 64 years. CocaCola has a payout ratio of 66.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CocaCola to earn $3.53 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 60.1%.

CocaCola Price Performance

Shares of NYSE:KO opened at $88.33 on Friday. CocaCola has a one year low of $65.35 and a one year high of $92.49. The stock has a market capitalization of $380.03 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 3.44 and a beta of 0.34. The company has a 50-day simple moving average of $86.64 and a 200-day simple moving average of $81.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, analysts predict that CocaCola will post 3.29 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group upped their price target on CocaCola from $95.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Argus lifted their price objective on shares of CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. HSBC cut shares of CocaCola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Piper Sandler raised their target price on shares of CocaCola from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $93.00 target price on shares of CocaCola in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.76.

About CocaCola

The Coca-Cola Company (NYSE: KO) is a global beverage company best known for its Coca-Cola soft drink, which was first introduced in 1886. The company was incorporated in 1892 and has grown into one of the world’s largest beverage businesses.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, along with water, sports drinks, coffee, tea, juice and dairy-based beverages. Other brands associated with the company include Dasani, smartwater, Powerade, Minute Maid, Simply, Costa Coffee, fairlife and Topo Chico.

The Coca-Cola Company primarily develops, owns and markets beverage brands, while relying on a global network of independent bottling partners and distributors to manufacture, package and deliver many of its products.