CocaCola Company (The) (NYSE:KO) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• CocaCola Company (NYSE:KO) has received an average recommendation of "Buy" from brokerages, with fourteen analysts supporting this and two issuing a strong buy rating.
• The current 12-month average price objective for CocaCola stock is estimated at $77.21, with various analysts presenting target prices ranging from $76.00 to $83.00.
• CocaCola has declared a quarterly dividend of $0.51 per share, which is set to be paid out on October 1st, representing an annualized yield of 3.0%.

CocaCola Company (The) (NYSE:KO - Get Free Report) has earned an average rating of "Buy" from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Fourteen analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $77.2143.

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Morgan Stanley reissued an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. BNP Paribas reissued an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, UBS Group reduced their price objective on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd.

CocaCola Stock Down 0.8%

KO opened at $67.43 on Tuesday. The stock has a market cap of $290.18 billion, a PE ratio of 23.91, a P/E/G ratio of 3.54 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. CocaCola has a 52 week low of $60.62 and a 52 week high of $74.38. The business's fifty day simple moving average is $69.59 and its 200 day simple moving average is $70.46.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, research analysts expect that CocaCola will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is 72.34%.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola in the first quarter worth about $25,000. 1248 Management LLC bought a new stake in shares of CocaCola in the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd grew its stake in shares of CocaCola by 5,142.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company's stock worth $26,000 after purchasing an additional 360 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of CocaCola in the second quarter worth about $26,000. Finally, Garde Capital Inc. bought a new stake in shares of CocaCola in the first quarter worth about $30,000. 70.26% of the stock is owned by institutional investors.

About CocaCola

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.

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