CocaCola (NYSE:KO) Shares Down 1.4% - What's Next?

Shares of CocaCola Company (The) (NYSE:KO - Get Free Report) traded down 1.4% during trading on Wednesday . The stock traded as low as $69.34 and last traded at $69.28. 10,253,914 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 16,185,580 shares. The stock had previously closed at $70.24.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $76.27.

CocaCola Stock Performance

The company has a market capitalization of $299.40 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 3.68 and a beta of 0.45. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The firm has a 50-day simple moving average of $70.96 and a two-hundred day simple moving average of $68.72.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. On average, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, June 13th. CocaCola's dividend payout ratio is currently 81.60%.

Insider Buying and Selling at CocaCola

In other news, EVP Beatriz R. Perez sold 60,326 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the sale, the executive vice president owned 187,716 shares in the company, valued at $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Quincey sold 266,403 shares of the company's 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 sale, the chief executive officer owned 275,946 shares of the company's stock, valued at $19,884,668.76. This trade represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola during the first quarter valued at $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola during the first quarter valued at $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of CocaCola during the fourth quarter valued at $27,000. Garde Capital Inc. acquired a new stake in shares of CocaCola during the first quarter valued at $30,000. Finally, Mizuho Securities Co. Ltd. boosted its stake in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

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.