CocaCola (NYSE:KO) Stock Price Down 1% - Should You Sell?

Key Points

• CocaCola's stock price decreased by 1% to $66.10, with a volume drop of 30% compared to its average session, which may indicate weaker investor interest.
• Analysts maintain a generally positive outlook for CocaCola, with a consensus target price of $76.93 and several ratings affirming the stock as a "Buy" or "Outperform."
• The company recently declared a quarterly dividend of $0.51, indicating a sustainable 3.1% yield based on its annual payout ratio.

CocaCola Company (The) (NYSE:KO - Get Free Report)'s share price traded down 1% during trading on Wednesday . The company traded as low as $66.06 and last traded at $66.10. 11,772,430 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 16,814,811 shares. The stock had previously closed at $66.79.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. UBS Group decreased 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. Weiss Ratings reissued a "buy (b-)" rating on shares of CocaCola in a report on Wednesday. Wells Fargo & Company decreased 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola has a consensus rating of "Buy" and a consensus target price of $76.93.

CocaCola Trading Down 1.0%

The stock has a market cap of $284.47 billion, a PE ratio of 23.44, a P/E/G ratio of 3.44 and a beta of 0.43. The firm has a 50-day simple moving average of $68.18 and a 200-day simple moving average of $69.91. 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 (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter last year, the business posted $0.84 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola's dividend payout ratio (DPR) is 72.34%.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On CocaCola

Several large investors have recently made changes to their positions in KO. Brighton Jones LLC lifted its holdings in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after purchasing an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in CocaCola by 3.4% in 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 during the last quarter. NewSquare Capital LLC raised its holdings in CocaCola by 594.3% in the 1st quarter. NewSquare Capital LLC now owns 1,208 shares of the company's stock worth $87,000 after acquiring an additional 1,034 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in CocaCola by 37.5% in the 1st quarter. Farther Finance Advisors LLC now owns 54,967 shares of the company's stock worth $3,950,000 after acquiring an additional 14,980 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in CocaCola by 12.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 62,272 shares of the company's stock worth $4,460,000 after acquiring an additional 7,029 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other 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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