CocaCola Company (The) (NYSE:KO) to Issue Quarterly Dividend of $0.53

CocaCola Company (The) (NYSE:KO) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.53 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, June 15th.

CocaCola has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 64 consecutive years. CocaCola has a payout ratio of 66.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect CocaCola to earn $3.47 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 61.1%.

CocaCola Trading Up 0.3%

Shares of CocaCola stock traded up $0.22 on Friday, hitting $78.98. The stock had a trading volume of 3,171,408 shares, compared to its average volume of 17,191,994. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. CocaCola has a one year low of $65.35 and a one year high of $82.00. The stock has a market cap of $339.92 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 3.31 and a beta of 0.36. The stock’s 50-day simple moving average is $77.12 and its two-hundred day simple moving average is $73.52.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $12.24 billion. During the same quarter last year, the business earned $0.73 earnings per share. The business’s revenue 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, sell-side analysts predict that CocaCola will post 3.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KO shares. Deutsche Bank Aktiengesellschaft lifted their price target on CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. Morgan Stanley set a $88.00 price target on CocaCola in a research note on Wednesday, March 11th. Barclays upped their price target on CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company increased their price target on CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Finally, UBS Group lifted their price target on CocaCola from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday. Fifteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $86.27.

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.