CocaCola Company (The) (NYSE:KO) to Issue $0.51 Quarterly Dividend

Key Points

• CocaCola Company has declared a quarterly dividend of $0.51, payable on December 15th to shareholders of record on December 1st, resulting in a 3.0% yield.
• The company's dividend payout ratio is 63.8%, indicating that the dividend is well-covered by earnings, with expected earnings of $3.19 per share next year.
• As of the latest data, CocaCola’s shares are trading with a consensus rating of "Buy" and an average price target of $76.69.

CocaCola Company (The) (NYSE:KO - Get Free Report) declared a quarterly dividend on Thursday, October 16th. Shareholders of record on Monday, December 1st will be paid a dividend of 0.51 per share on Monday, December 15th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, December 1st.

CocaCola has a payout ratio of 63.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CocaCola to earn $3.19 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 63.9%.

CocaCola Trading Up 0.7%

Shares of KO opened at $67.54 on Friday. The stock has a fifty day moving average of $67.88 and a two-hundred day moving average of $69.75. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company has a market capitalization of $290.67 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 3.49 and a beta of 0.43. CocaCola has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The business had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. As a group, analysts forecast that CocaCola will post 2.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. BNP Paribas restated an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Weiss Ratings restated a "buy (b-)" rating on shares of CocaCola in a report on Wednesday, October 8th. Finally, UBS Group dropped their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat, CocaCola presently has a consensus rating of "Buy" and an average price target of $76.69.

CocaCola Company Profile

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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