CocaCola (NYSE:KO) Shares Down 1.1% – What’s Next?

CocaCola Company (The) (NYSE:KO) shares dropped 1.1% during mid-day trading on Tuesday . The company traded as low as $80.24 and last traded at $80.60. Approximately 12,764,696 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 16,749,512 shares. The stock had previously closed at $81.48.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research analyst reports. Barclays increased their price target on shares of CocaCola from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Wells Fargo & Company increased their price target on shares of CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a report on Monday, March 30th. Truist Financial set a $85.00 price target on shares of CocaCola in a report on Wednesday, February 11th. Finally, TD Cowen increased their price target on shares of CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Fifteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CocaCola has an average rating of “Buy” and an average target price of $86.80.

CocaCola Trading Down 1.4%

The business’s fifty day moving average price is $77.69 and its 200 day moving average price is $75.03. The firm has a market capitalization of $346.13 billion, a PE ratio of 25.30, a P/E/G ratio of 3.26 and a beta of 0.35. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09.

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

CocaCola Dividend Announcement

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

Insider Activity

In other news, insider Bruno Pietracci sold 28,765 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John Murphy sold 72,449 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the transaction, the chief financial officer directly owned 279,917 shares in the company, valued at approximately $22,538,916.84. The trade was a 20.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 630,963 shares of company stock valued at $50,016,979 over the last quarter. 0.90% of the stock is owned by insiders.

Institutional Trading of CocaCola

A number of institutional investors and hedge funds have recently modified their holdings of the business. Anfield Capital Management LLC lifted its holdings in shares of CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after purchasing an additional 294 shares during the last quarter. Louisbourg Investments Inc. bought a new stake in shares of CocaCola in the 1st quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in shares of CocaCola in the 2nd quarter worth approximately $26,000. Cloud Capital Management LLC acquired a new stake in shares of CocaCola in the 3rd quarter worth about $27,000. Finally, Evolution Wealth Management Inc. increased its holdings in shares of CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after acquiring an additional 357 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

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.