CocaCola (NYSE:KO) Stock Price Up 1.2% – Here’s Why

CocaCola Company (The) (NYSE:KO)’s stock price shot up 1.2% during mid-day trading on Tuesday . The stock traded as high as $85.68 and last traded at $83.9960. 17,693,192 shares changed hands during trading, an increase of 1% from the average session volume of 17,445,223 shares. The stock had previously closed at $82.96.

Analyst Ratings Changes

Several analysts have weighed in on KO shares. Citigroup raised their price target on CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a report on Monday, May 18th. Truist Financial set a $88.00 price objective on CocaCola in a report on Friday, June 26th. Jefferies Financial Group upped their price objective on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Sanford C. Bernstein set a $83.00 target price on shares of CocaCola in a research note on Thursday. Finally, Piper Sandler reiterated an “overweight” rating on shares of CocaCola in a research report on Friday, June 26th. 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 a consensus rating of “Moderate Buy” and an average price target of $86.81.

CocaCola Stock Down 1.1%

The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The stock has a 50-day simple moving average of $80.62 and a two-hundred day simple moving average of $77.04. The firm has a market cap of $354.93 billion, a PE ratio of 25.89, a P/E/G ratio of 3.36 and a beta of 0.34.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The company’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Analysts expect that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. CocaCola’s dividend payout ratio (DPR) is 66.67%.

Insiders Place Their Bets

In other news, Chairman James Quincey sold 436,296 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the completion of the sale, the chairman directly owned 122,833 shares in the company, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 stock in a transaction 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 transaction, the executive vice president directly owned 223,330 shares in the company, valued at approximately $18,074,096.90. This represents a 12.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 899,905 shares of company stock valued at $71,832,315. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Everpar Advisors LLC lifted its position in CocaCola by 0.9% in the second quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock valued at $1,179,000 after purchasing an additional 125 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of CocaCola by 0.3% in the first quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company’s stock worth $3,109,000 after buying an additional 129 shares during the period. HORAN Wealth LLC raised its holdings in CocaCola by 3.9% during the 1st quarter. HORAN Wealth LLC now owns 3,458 shares of the company’s stock valued at $263,000 after buying an additional 130 shares during the last quarter. Wills Financial Group LLC boosted its position in CocaCola by 1.3% during the 1st quarter. Wills Financial Group LLC now owns 10,170 shares of the company’s stock valued at $816,000 after buying an additional 133 shares during the period. Finally, Beacon Financial Advisory LLC boosted its position in CocaCola by 0.5% during the 1st quarter. Beacon Financial Advisory LLC now owns 26,844 shares of the company’s stock valued at $2,041,000 after buying an additional 136 shares during the period. 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.