CocaCola (NYSE:KO) Shares Down 1.8% – Here’s Why

CocaCola Company (The) (NYSE:KO)’s stock price dropped 1.8% during mid-day trading on Friday . The stock traded as low as $78.91 and last traded at $78.9570. Approximately 31,873,094 shares changed hands during trading, an increase of 89% from the average daily volume of 16,823,879 shares. The stock had previously closed at $80.41.

Analyst Upgrades and Downgrades

KO has been the topic of a number of analyst reports. Weiss Ratings raised CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. Evercore reissued an “outperform” rating and issued a $85.00 price target on shares of CocaCola in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft increased their price target on CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Jefferies Financial Group increased their price target on CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Finally, Royal Bank Of Canada set a $87.00 price target on CocaCola in a research note on Wednesday, February 11th. Fifteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $86.80.

CocaCola Price Performance

The firm has a market cap of $339.71 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 3.26 and a beta of 0.35. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average of $77.69 and a 200 day moving average of $75.03.

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

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

Insider Buying and Selling at CocaCola

In related news, insider Bruno Pietracci sold 28,765 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total transaction of $2,284,228.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the sale, the executive vice president directly owned 223,330 shares in the company, valued at $18,074,096.90. The trade was a 12.40% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 630,963 shares of company stock worth $50,016,979 in the last three months. 0.90% of the stock is owned by insiders.

Institutional Trading of CocaCola

Several hedge funds have recently added to or reduced their stakes in KO. Anfield Capital Management LLC increased its holdings in CocaCola by 438.8% during 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 in the last quarter. Louisbourg Investments Inc. bought a new position in CocaCola during the 1st quarter worth about $25,000. Headlands Technologies LLC bought a new position in CocaCola during the 2nd quarter worth about $26,000. Cloud Capital Management LLC bought a new position in CocaCola during the 3rd quarter worth about $27,000. Finally, Evolution Wealth Management Inc. increased its holdings in CocaCola by 1,081.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after purchasing an additional 357 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.