CocaCola (NYSE:KO) Trading 1.8% Higher – What’s Next?

CocaCola Company (The) (NYSE:KO) traded up 1.8% during trading on Tuesday . The stock traded as high as $80.32 and last traded at $80.0690. 19,150,825 shares were traded during mid-day trading, an increase of 12% from the average session volume of 17,047,584 shares. The stock had previously closed at $78.66.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group lifted their price target on CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Citigroup boosted their price objective on CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada set a $87.00 price objective on CocaCola in a research report on Wednesday, February 11th. Truist Financial set a $85.00 price objective on CocaCola in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company boosted their price objective on CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Fifteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $86.27.

CocaCola Stock Up 0.2%

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The firm has a market cap of $346.00 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 3.21 and a beta of 0.35. The firm has a 50 day moving average price of $76.95 and a 200-day moving average price of $74.18.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The business had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, equities analysts predict that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 annualized dividend and a yield of 2.6%. CocaCola’s dividend payout ratio is presently 66.67%.

Insider Transactions at CocaCola

In other CocaCola news, CEO James Quincey sold 250,688 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.14, for a total value of $19,839,448.32. Following the transaction, the chief executive officer owned 278,155 shares of the company’s stock, valued at approximately $22,013,186.70. This represents a 47.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $77.37, for a total value of $1,847,595.60. Following the completion of the transaction, the executive vice president directly owned 17,725 shares in the company, valued at $1,371,383.25. The trade was a 57.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 755,101 shares of company stock valued at $59,988,566. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On CocaCola

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in shares of CocaCola by 38.1% in the fourth quarter. Farther Finance Advisors LLC now owns 111,598 shares of the company’s stock worth $7,802,000 after acquiring an additional 30,786 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of CocaCola by 82.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock worth $3,296,000 after acquiring an additional 22,444 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CocaCola by 2.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock worth $136,086,000 after acquiring an additional 57,407 shares in the last quarter. Nicola Wealth Management LTD. increased its holdings in shares of CocaCola by 42.3% in the third quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock worth $12,269,000 after acquiring an additional 55,000 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of CocaCola by 19.9% in the third quarter. Atlantic Union Bankshares Corp now owns 120,866 shares of the company’s stock worth $8,016,000 after acquiring an additional 20,032 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Company Profile

The Coca?Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca?Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready?to?drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca?Cola’s brand portfolio includes widely recognized names such as Coca?Cola, Diet Coke, Coca?Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.