CocaCola (NYSE:KO) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Key Points

• CocaCola reported $0.82 earnings per share (EPS) for the quarter, exceeding analyst expectations by $0.03, with a net margin of 25.89% and return on equity of 44.91%.
• The company declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend of $2.04 and a yield of 3.0%, to be paid on December 15th.
• Analysts' price targets for CocaCola stock range widely, with Wells Fargo reducing theirs to $75.00, while BNP Paribas maintains a price target of $83.00.

CocaCola (NYSE:KO - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.04, Zacks reports. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.41 billion during the quarter, compared to analyst estimates of $12.46 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The firm's revenue was up 5.4% compared to the same quarter last year. CocaCola updated its FY 2025 guidance to 2.966-2.966 EPS.

CocaCola Stock Performance

CocaCola stock opened at $68.52 on Tuesday. The company's 50-day moving average is $67.79 and its two-hundred day moving average is $69.69. CocaCola has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a market cap of $294.90 billion, a PE ratio of 24.30, a PEG ratio of 3.57 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola's payout ratio is currently 72.34%.

Analyst Ratings Changes

KO has been the topic of a number of recent research reports. Weiss Ratings restated a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday, October 8th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Wells Fargo & Company reduced their price target on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. UBS Group lowered their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. lifted their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat.com, CocaCola presently has a consensus rating of "Buy" and a consensus price target of $76.69.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CocaCola

Several large investors have recently bought and sold shares of KO. Brighton Jones LLC raised its stake in CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after acquiring an additional 293 shares in the last quarter. Talisman Wealth Advisors LLC increased its stake in CocaCola by 1.1% in the 2nd quarter. Talisman Wealth Advisors LLC now owns 14,154 shares of the company's stock valued at $1,001,000 after buying an additional 158 shares during the last quarter. Florida Financial Advisors LLC boosted its position in CocaCola by 8.5% during the second quarter. Florida Financial Advisors LLC now owns 9,107 shares of the company's stock valued at $644,000 after purchasing an additional 711 shares during the last quarter. Finally, Financial Advisors Network Inc. grew its stake in shares of CocaCola by 15.6% in the second quarter. Financial Advisors Network Inc. now owns 6,219 shares of the company's stock valued at $440,000 after buying an additional 838 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

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.