CocaCola (NYSE:KO) Stock Price Up 2.2% – What’s Next?

Shares of CocaCola Company (The) (NYSE:KOGet Free Report) were up 2.2% on Tuesday . The company traded as high as $81.76 and last traded at $81.2970. Approximately 20,004,315 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 16,852,963 shares. The stock had previously closed at $79.54.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

Analyst Ratings Changes

A number of research analysts recently weighed in on KO shares. Wells Fargo & Company raised their target price on shares of CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Royal Bank Of Canada set a $87.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. UBS Group lifted their price objective on shares of CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Evercore reissued an “outperform” rating and issued a $85.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. Finally, Citigroup lifted their price objective on shares of CocaCola from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Fifteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.69.

View Our Latest Stock Analysis on KO

CocaCola Price Performance

The firm’s 50-day moving average price is $78.44 and its two-hundred day moving average price is $75.57. The stock has a market cap of $355.58 billion, a PE ratio of 25.99, a PEG ratio of 3.25 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.

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

CocaCola Announces Dividend

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

Insider Transactions at CocaCola

In other news, EVP Jennifer K. Mann sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $79.46, for a total value of $7,946,000.00. Following the completion of the sale, the executive vice president owned 207,400 shares of the company’s stock, valued at approximately $16,480,004. This represents a 32.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the completion of the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $18,074,096.90. The trade was a 12.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 875,921 shares of company stock valued at $69,831,810. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KO. Louisbourg Investments Inc. acquired a new position in CocaCola during the 1st quarter valued at approximately $25,000. Anfield Capital Management LLC increased its stake in CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after purchasing an additional 294 shares in the last quarter. Headlands Technologies LLC acquired a new position in CocaCola during the 2nd quarter valued at approximately $26,000. Evolution Wealth Management Inc. increased its stake in CocaCola by 1,081.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after purchasing an additional 357 shares in the last quarter. Finally, Daytona Street Capital LLC acquired a new position in CocaCola during the 4th quarter valued at approximately $29,000. Institutional investors own 70.26% of the company’s stock.

About CocaCola

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for CocaCola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CocaCola and related companies with MarketBeat.com's FREE daily email newsletter.