CocaCola Company (The) (NYSE:KO - Get Free Report)'s stock price rose 1% during mid-day trading on Friday . The stock traded as high as $67.39 and last traded at $67.05. Approximately 17,879,968 shares were traded during trading, an increase of 6% from the average daily volume of 16,819,072 shares. The stock had previously closed at $66.37.
Wall Street Analyst Weigh In
Several research analysts have commented on KO shares. Wells Fargo & Company cut their target price on CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. BNP Paribas restated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their price objective on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group dropped their target price on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat.com, CocaCola has a consensus rating of "Buy" and an average price target of $76.93.
Check Out Our Latest Research Report on KO
CocaCola Trading Up 1.0%
The stock has a market capitalization of $288.55 billion, a P/E ratio of 23.78, a P/E/G ratio of 3.44 and a beta of 0.43. The firm's 50 day moving average price is $68.09 and its 200 day moving average price is $69.86. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.
CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $11.40 billion during the quarter. As a group, equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.
CocaCola Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors 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 3.0%. CocaCola's dividend payout ratio (DPR) is currently 72.34%.
Insider Transactions at CocaCola
In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction that occurred on 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 sale, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.97% of the company's stock.
Institutional Trading of CocaCola
Institutional investors and hedge funds have recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola during the 1st quarter valued at $25,000. 1248 Management LLC bought a new stake in CocaCola in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its holdings in CocaCola by 5,142.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company's stock valued at $26,000 after acquiring an additional 360 shares during the last quarter. Headlands Technologies LLC bought a new stake in CocaCola in the 2nd quarter valued at $26,000. Finally, Garde Capital Inc. bought a new stake in CocaCola in the 1st quarter valued at $30,000. 70.26% of the stock is currently owned by institutional investors.
About CocaCola
(
Get Free Report)
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.
See Also
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