CocaCola Company (The) (NYSE:KO – Get Free Report)’s stock price traded down 1.8% during mid-day trading on Tuesday . The company traded as low as $81.01 and last traded at $81.1790. Approximately 16,318,540 shares were traded during trading, a decline of 6% from the average session volume of 17,441,623 shares. The stock had previously closed at $82.65.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on KO shares. TD Cowen lifted their target price on shares of CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings raised CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. Sanford C. Bernstein started coverage on shares of CocaCola in a research report on Thursday, June 11th. They issued a “market perform” rating and a $84.00 target price for the company. Barclays raised their price target on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Fifteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, CocaCola presently has an average rating of “Moderate Buy” and a consensus target price of $86.88.
Get Our Latest Analysis on CocaCola
CocaCola Stock Up 3.2%
CocaCola (NYSE:KO – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. 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 earnings per share for the current year.
CocaCola Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, June 15th. CocaCola’s payout ratio is 66.67%.
Insiders Place Their Bets
In other CocaCola news, EVP Jennifer K. Mann sold 100,000 shares of CocaCola stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the completion of the sale, the executive vice president directly owned 181,384 shares in the company, valued at $14,412,772.64. This trade represents a 35.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 business’s stock in a transaction that occurred on Friday, May 15th. The shares were 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 in the company, valued at $18,074,096.90. This trade represents a 12.40% decrease in their ownership of the stock. 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 sold a total of 899,905 shares of company stock valued at $71,832,315 over the last 90 days. 0.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On CocaCola
Several institutional investors and hedge funds have recently modified their holdings of KO. Versant Capital Management Inc lifted its position in shares of CocaCola by 6.1% during the second quarter. Versant Capital Management Inc now owns 16,522 shares of the company’s stock worth $1,343,000 after purchasing an additional 950 shares in the last quarter. Hilltop National Bank grew its holdings in shares of CocaCola by 12.2% in the second quarter. Hilltop National Bank now owns 7,277 shares of the company’s stock valued at $591,000 after purchasing an additional 792 shares in the last quarter. Hamilton Wealth LLC increased its stake in CocaCola by 7.0% during the 1st quarter. Hamilton Wealth LLC now owns 3,092 shares of the company’s stock worth $235,000 after buying an additional 201 shares during the period. FAS Wealth Partners Inc. increased its stake in CocaCola by 3.7% during the 1st quarter. FAS Wealth Partners Inc. now owns 19,061 shares of the company’s stock worth $1,450,000 after buying an additional 677 shares during the period. Finally, Rathbones Group PLC lifted its holdings in CocaCola by 1.5% during the 1st quarter. Rathbones Group PLC now owns 6,012,230 shares of the company’s stock worth $457,230,000 after buying an additional 86,475 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.
About CocaCola
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.
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