CocaCola (NYSE:KO) Stock Price Down 1.7% – Here’s What Happened

CocaCola Company (The) (NYSE:KO)’s share price dropped 1.7% during trading on Tuesday . The company traded as low as $75.63 and last traded at $75.8990. Approximately 12,385,801 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 18,198,625 shares. The stock had previously closed at $77.22.

Analyst Ratings Changes

KO has been the subject of a number of research analyst reports. TD Cowen reiterated a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. 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. Barclays raised their price objective on CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Thursday, January 22nd. Finally, UBS Group raised their price objective on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $85.00.

CocaCola Stock Performance

The firm has a 50-day moving average of $77.39 and a two-hundred day moving average of $72.34. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $326.68 billion, a PE ratio of 24.97, a PEG ratio of 3.24 and a beta of 0.36.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.CocaCola’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.8%. CocaCola’s dividend payout ratio is 69.74%.

Insider Buying and Selling

In other CocaCola news, EVP Nancy Quan sold 23,556 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.50, for a total value of $1,872,702.00. Following the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $17,754,735. This trade represents a 9.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Monica Howard Douglas sold 23,880 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $77.37, for a total value of $1,847,595.60. Following the completion of the sale, the executive vice president directly owned 17,725 shares in the company, valued at approximately $1,371,383.25. The trade was a 57.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 892,925 shares of company stock valued at $70,254,796 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of CocaCola

Several institutional investors have recently bought and sold shares of KO. Anfield Capital Management LLC grew its holdings in CocaCola by 438.8% in the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after purchasing an additional 294 shares during the period. Headlands Technologies LLC acquired a new stake in CocaCola in the second quarter valued at approximately $26,000. Marquette Asset Management LLC acquired a new stake in shares of CocaCola in the third quarter worth approximately $27,000. Cloud Capital Management LLC acquired a new stake in shares of CocaCola in the third quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. boosted its stake in shares of CocaCola by 1,081.8% in the fourth 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. 70.26% of the stock is owned by institutional investors and hedge funds.

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.