CocaCola Company (The) (NYSE:KO – Get Free Report) shares traded up 2.1% during mid-day trading on Tuesday . The stock traded as high as $88.96 and last traded at $88.8150. Approximately 12,492,589 shares were traded during trading, a decline of 27% from the average session volume of 17,173,025 shares. The stock had previously closed at $86.98.
Analyst Ratings Changes
KO has been the topic of several recent analyst reports. UBS Group set a $104.00 price target on shares of CocaCola and gave the company a “buy” rating in a report on Wednesday, July 29th. Citigroup upped their price objective on shares of CocaCola from $97.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Royal Bank Of Canada raised their target price on shares of CocaCola from $87.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. HSBC cut shares of CocaCola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $93.00 price target on shares of CocaCola in a research note on Wednesday, July 29th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.76.
Check Out Our Latest Report on CocaCola
CocaCola Price Performance
CocaCola (NYSE:KO – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities analysts expect that CocaCola Company will post 3.29 EPS for the current year.
CocaCola Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola’s dividend payout ratio is 63.66%.
Insider Buying and Selling at CocaCola
In other news, Chairman James Quincey sold 436,296 shares of CocaCola stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the transaction, the chairman directly owned 122,833 shares in the company, valued at approximately $9,842,608.29. This trade represents a 78.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Jennifer K. Mann sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was 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 directly owned 181,384 shares in the company, valued at approximately $14,412,772.64. This represents a 35.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders have sold 1,433,535 shares of company stock valued at $121,922,698. 0.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On CocaCola
Institutional investors have recently modified their holdings of the stock. 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. Louisbourg Investments Inc. bought a new stake in shares of CocaCola during the first quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new position in CocaCola in the 2nd quarter worth approximately $26,000. Evolution Wealth Management Inc. raised its holdings in 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 last quarter. Finally, Guardian Partners Inc. purchased a new position in shares of CocaCola in the second quarter worth $27,000. 70.26% of the stock is owned by hedge funds and other institutional investors.
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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