CocaCola (NYSE:KO) Updates FY 2025 Earnings Guidance

Key Points

• CocaCola has updated its FY 2025 earnings guidance, projecting earnings per share between 2.966, slightly below the consensus estimate of 2.970.
• The company recently announced a quarterly dividend of $0.51 per share, set to be paid on December 15th, 2023, with a dividend yield of 3.0%.
• Currently, CocaCola has a market capitalization of $294.90 billion and an average analyst rating of "Buy," with a consensus price target of $76.69.

CocaCola (NYSE:KO - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.966-2.966 for the period, compared to the consensus earnings per share estimate of 2.970. The company issued revenue guidance of -.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group dropped their price target on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. BNP Paribas reiterated an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company lowered their target price on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. Finally, Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $76.69.

CocaCola Stock Performance

NYSE KO opened at $68.52 on Tuesday. 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 has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a market capitalization of $294.90 billion, a PE ratio of 24.30, a P/E/G ratio of 3.57 and a beta of 0.43. The company has a fifty day moving average of $67.79 and a two-hundred day moving average of $69.69.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data 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, analysts expect that CocaCola will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola's dividend payout ratio is presently 72.34%.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.97% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its holdings in CocaCola by 4.3% in the second quarter. Raymond James Financial Inc. now owns 12,354,397 shares of the company's stock valued at $874,073,000 after buying an additional 509,724 shares in the last quarter. California State Teachers Retirement System increased its holdings in CocaCola by 0.5% in the second quarter. California State Teachers Retirement System now owns 6,652,424 shares of the company's stock valued at $470,659,000 after buying an additional 35,552 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in CocaCola by 16.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,229,894 shares of the company's stock valued at $87,015,000 after buying an additional 171,425 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in CocaCola by 22.9% in the second quarter. Rafferty Asset Management LLC now owns 328,236 shares of the company's stock valued at $23,223,000 after buying an additional 61,251 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in CocaCola by 7.0% in the second quarter. Orion Porfolio Solutions LLC now owns 292,983 shares of the company's stock valued at $20,729,000 after buying an additional 19,056 shares in the last quarter. 70.26% of the stock is 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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