Coca-Cola (NYSE:KO) Trading Down 0% - What's Next?

The Coca-Cola Company (NYSE:KO - Get Free Report)'s stock price dropped 0% during trading on Monday . The company traded as low as $71.01 and last traded at $71.65. Approximately 2,956,610 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 15,393,710 shares. The stock had previously closed at $71.65.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Evercore ISI upped their price objective on Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and increased their price target for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Royal Bank of Canada boosted their price objective on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Finally, Morgan Stanley boosted their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $75.59.

Coca-Cola Stock Down 0.8 %

The company has a fifty day moving average price of $70.94 and a 200 day moving average price of $66.64. The company has a market cap of $303.92 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter last year, the firm earned $0.72 EPS. The firm's quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.89%. Coca-Cola's dividend payout ratio is currently 81.60%.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 145,435 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the sale, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at $24,324,191.46. This represents a 29.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. The disclosure for this sale can be found here. Insiders sold 402,081 shares of company stock valued at $28,654,426 in the last quarter. Company insiders own 0.97% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KO. MorganRosel Wealth Management LLC purchased a new position in Coca-Cola in the 1st quarter worth approximately $25,000. Crowley Wealth Management Inc. purchased a new position in shares of Coca-Cola in the fourth quarter worth $27,000. Garde Capital Inc. purchased a new stake in shares of Coca-Cola during the first quarter valued at $30,000. Mainstream Capital Management LLC bought a new stake in Coca-Cola in the 4th quarter worth about $31,000. Finally, Mizuho Securities Co. Ltd. lifted its stake in Coca-Cola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after acquiring an additional 360 shares during the period. Institutional investors own 70.26% of the company's stock.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.