CocaCola (NYSE:KO) Issues Quarterly Earnings Results

CocaCola (NYSE:KO - Get Free Report) posted its earnings results on Tuesday. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.04, Zacks reports. The firm had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. CocaCola updated its FY 2025 guidance to 2.970-2.970 EPS.

CocaCola Stock Down 0.3%

NYSE:KO traded down $0.20 on Friday, hitting $68.91. 4,676,866 shares of the company's stock traded hands, compared to its average volume of 17,313,916. The company has a market cap of $296.59 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 3.61 and a beta of 0.45. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 1.49. CocaCola has a 1 year low of $60.62 and a 1 year high of $74.38. The firm has a 50-day moving average price of $70.69 and a 200-day moving average price of $69.28.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 2.96%. CocaCola's dividend payout ratio is currently 72.34%.

Insider Activity

In other CocaCola news, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the transaction, the chief executive officer directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the transaction, the executive vice president directly owned 187,716 shares in the company, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock worth $29,923,985 in the last three months. 0.97% of the stock is owned by insiders.

Institutional Trading of CocaCola

A number of large investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after acquiring an additional 293 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of CocaCola during the first quarter valued at $210,000. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. BNP Paribas reissued an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday. UBS Group lowered their price objective on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research report on Wednesday. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday. Finally, Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $77.21.

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.