CocaCola (NYSE:KO) Shares Down 1.4% - Here's What Happened

Key Points

• Coca-Cola shares fell 1.4% on Thursday, trading as low as $80.34 after closing at $81.62 the day before, with volume below its average daily level.
• Despite the stock dip, Wall Street sentiment remains bullish: multiple analysts raised price targets, and the stock now has a consensus Buy rating with an average target price of $86.80.
• The company recently beat quarterly earnings and revenue estimates, reported 11.4% year-over-year revenue growth, and announced a quarterly dividend of $0.53 per share to be paid July 1.

CocaCola Company (The) (NYSE:KO - Get Free Report) shares were down 1.4% during trading on Thursday . The stock traded as low as $80.34 and last traded at $80.45. Approximately 14,590,622 shares traded hands during trading, a decline of 13% from the average daily volume of 16,689,021 shares. The stock had previously closed at $81.62.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen upped their price target on shares of CocaCola from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Morgan Stanley set a $88.00 price objective on CocaCola in a report on Wednesday, March 11th. Weiss Ratings upgraded CocaCola from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft increased their price objective on CocaCola from $83.00 to $86.00 and gave the company a "buy" rating in a report on Monday, March 30th. Finally, Barclays increased their price objective on CocaCola from $85.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, May 21st. Fifteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CocaCola presently has a consensus rating of "Buy" and an average target price of $86.80.

CocaCola Stock Down 1.4%

The firm has a market capitalization of $346.13 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 3.22 and a beta of 0.35. The stock has a fifty day moving average of $77.63 and a two-hundred day moving average of $74.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.CocaCola's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Sell-side analysts anticipate that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. CocaCola's dividend payout ratio is 66.67%.

Insider Buying and Selling at CocaCola

In other CocaCola news, CFO John Murphy sold 72,449 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the sale, the chief financial officer owned 279,917 shares of the company's stock, valued at approximately $22,538,916.84. This represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 28,765 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 630,963 shares of company stock valued at $50,016,979. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of CocaCola

Institutional investors have recently bought and sold shares of the company. Anfield Capital Management LLC boosted its position in shares of CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock worth $25,000 after purchasing an additional 294 shares in the last quarter. Louisbourg Investments Inc. bought a new position in shares of CocaCola during the 1st quarter worth about $25,000. Headlands Technologies LLC bought a new position in shares of CocaCola during the 2nd quarter worth about $26,000. Cloud Capital Management LLC bought a new position in shares of CocaCola during the 3rd quarter worth about $27,000. Finally, Evolution Wealth Management Inc. boosted its position in shares of CocaCola by 1,081.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock worth $27,000 after purchasing an additional 357 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

About CocaCola

The Coca‑Cola Company NYSE: KO is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

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