CocaCola (NYSE:KO) Stock Price Down 1.1% - Here's Why

Key Points

• Shares dipped 1.1% to $69.11 on Friday with ~11.9M shares traded (down 19% vs. average), yet analysts have been raising targets and the stock carries an average price target of $79.08 with a consensus "Buy" rating.
• Solid income and fundamentals: Coca‑Cola has a $297.3B market cap, P/E of 22.89, pays a $0.51 quarterly dividend (3.0% yield) and reported $0.55 EPS on $11.4B revenue last quarter, with analysts projecting ~2.96 EPS for the year.
• Mixed insider activity: EVP Manuel Arroyo sold 139,689 shares (a ~70.6% reduction), while director Max Levchin bought 7,206 shares; insiders have sold 225,252 shares in the past 90 days and own about 0.97% of the company.

CocaCola Company (The) (NYSE:KO - Get Free Report)'s stock price was down 1.1% during trading on Friday . The stock traded as low as $68.98 and last traded at $69.1140. Approximately 11,902,243 shares traded hands during trading, a decline of 19% from the average daily volume of 14,746,126 shares. The stock had previously closed at $69.91.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KO shares. Bank of America boosted their price objective on CocaCola from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, November 7th. TD Cowen boosted their price target on shares of CocaCola from $75.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, October 22nd. Barclays restated an "overweight" rating on shares of CocaCola in a research report on Thursday, October 23rd. Wells Fargo & Company lifted their price objective on shares of CocaCola from $75.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, October 22nd. Finally, Evercore ISI restated an "outperform" rating on shares of CocaCola in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $79.08.

CocaCola Stock Performance

The stock has a market cap of $297.30 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 3.88 and a beta of 0.39. The company's 50 day simple moving average is $70.50 and its 200 day simple moving average is $69.36. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The company had revenue of $11.40 billion during the quarter. On average, equities research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.51 per share. The ex-dividend date was Monday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola's dividend payout ratio (DPR) is 67.55%.

Insiders Place Their Bets

In related news, EVP Manuel Arroyo sold 139,689 shares of the firm's stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the completion of the transaction, the executive vice president owned 58,067 shares of the company's stock, valued at $4,111,143.60. This trade represents a 70.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Max R. Levchin purchased 7,206 shares of the company's stock in a transaction on Friday, October 24th. The stock was acquired at an average price of $69.87 per share, for a total transaction of $503,483.22. Following the completion of the transaction, the director owned 14,267 shares of the company's stock, valued at $996,835.29. This represents a 102.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 225,252 shares of company stock valued at $15,953,007. 0.97% of the stock is currently owned by insiders.

Institutional Trading of CocaCola

Institutional investors have recently bought and sold shares of the company. First Financial Bank Trust Division increased its position in CocaCola by 17.2% in the 4th quarter. First Financial Bank Trust Division now owns 16,157 shares of the company's stock worth $1,130,000 after purchasing an additional 2,374 shares during the last quarter. Insight Wealth Strategies LLC raised its position in CocaCola by 6.5% during the fourth quarter. Insight Wealth Strategies LLC now owns 3,584 shares of the company's stock valued at $251,000 after acquiring an additional 220 shares in the last quarter. Global Wealth Strategies & Associates lifted its stake in CocaCola by 25.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 1,830 shares of the company's stock valued at $128,000 after acquiring an additional 377 shares during the last quarter. Triumph Capital Management bought a new stake in CocaCola in the third quarter worth approximately $110,000. Finally, AIA Group Ltd increased its stake in shares of CocaCola by 239.9% during the 3rd quarter. AIA Group Ltd now owns 45,932 shares of the company's stock worth $3,046,000 after purchasing an additional 32,419 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Company Profile

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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