Coca-Cola (NYSE:KO) Stock Price Down 0.1%

The Coca-Cola Company (NYSE:KO - Get Free Report) shares dropped 0.1% during mid-day trading on Tuesday . The company traded as low as $60.14 and last traded at $60.46. Approximately 3,112,647 shares changed hands during trading, a decline of 77% from the average daily volume of 13,747,911 shares. The stock had previously closed at $60.55.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on Coca-Cola from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Friday. Citigroup increased their price target on Coca-Cola from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, January 17th. Finally, Barclays increased their price target on Coca-Cola from $66.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, April 12th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of "Moderate Buy" and an average target price of $67.09.

Coca-Cola Stock Performance

The business has a 50-day moving average of $59.98 and a two-hundred day moving average of $58.72. The company has a market cap of $261.43 billion, a P/E ratio of 24.45, a P/E/G ratio of 3.44 and a beta of 0.59. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The company had revenue of $10.80 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same period last year, the business posted $0.45 earnings per share. The firm's revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.485 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Coca-Cola's previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a yield of 3.20%. Coca-Cola's dividend payout ratio (DPR) is 78.23%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Nancy Quan sold 57,368 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James Quincey sold 247,188 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total value of $15,063,636.72. Following the completion of the transaction, the chief executive officer now owns 442,546 shares of the company's stock, valued at $26,968,753.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KO. Insigneo Advisory Services LLC grew its holdings in Coca-Cola by 12.2% during the third quarter. Insigneo Advisory Services LLC now owns 41,683 shares of the company's stock worth $2,354,000 after acquiring an additional 4,527 shares during the period. HF Advisory Group LLC grew its holdings in Coca-Cola by 7.6% during the third quarter. HF Advisory Group LLC now owns 6,770 shares of the company's stock worth $379,000 after acquiring an additional 476 shares during the period. Wahed Invest LLC grew its holdings in Coca-Cola by 10.3% during the third quarter. Wahed Invest LLC now owns 61,355 shares of the company's stock worth $3,435,000 after acquiring an additional 5,707 shares during the period. Cohen Lawrence B grew its holdings in Coca-Cola by 2.8% during the third quarter. Cohen Lawrence B now owns 40,872 shares of the company's stock worth $2,288,000 after acquiring an additional 1,111 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Coca-Cola by 3.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 46,470 shares of the company's stock worth $2,738,000 after acquiring an additional 1,455 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Company Profile

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.