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

The Coca-Cola Company (NYSE:KO - Get Free Report) was down 0.1% on Friday . The company traded as low as $61.35 and last traded at $61.68. Approximately 2,460,210 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 13,887,213 shares. The stock had previously closed at $61.74.

Analyst Ratings Changes

A number of analysts recently weighed in on KO shares. Citigroup upped their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, January 17th. Barclays increased their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Coca-Cola from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $67.22.

Coca-Cola Price Performance

The company has a market cap of $266.17 billion, a P/E ratio of 24.94, a P/E/G ratio of 3.52 and a beta of 0.59. The company's 50-day moving average price is $60.07 and its 200-day moving average price is $58.76. 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 posted its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The company had revenue of $10.80 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same quarter last year, the company posted $0.45 EPS. Coca-Cola's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given 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 annualized dividend and a dividend yield of 3.14%. Coca-Cola's payout ratio is presently 78.23%.

Insider Activity

In related news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the sale, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. The disclosure for this sale can be found here. In the last ninety days, insiders sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coca-Cola

A number of institutional investors have recently added to or reduced their stakes in the business. Enterprise Bank & Trust Co boosted its holdings in shares of Coca-Cola by 3.4% during the 4th quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company's stock valued at $296,000 after acquiring an additional 167 shares during the last quarter. Community Bank & Trust Waco Texas lifted its stake in shares of Coca-Cola by 0.6% in the 1st quarter. Community Bank & Trust Waco Texas now owns 30,262 shares of the company's stock worth $1,851,000 after purchasing an additional 168 shares during the period. Goelzer Investment Management Inc. lifted its stake in shares of Coca-Cola by 1.8% in the 4th quarter. Goelzer Investment Management Inc. now owns 9,681 shares of the company's stock worth $571,000 after purchasing an additional 169 shares during the period. Elk River Wealth Management LLC raised its stake in Coca-Cola by 1.6% during the 4th quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company's stock worth $639,000 after acquiring an additional 170 shares during the period. Finally, KRS Capital Management LLC raised its stake in Coca-Cola by 3.8% during the 4th quarter. KRS Capital Management LLC now owns 4,645 shares of the company's stock worth $274,000 after acquiring an additional 170 shares during the period. 70.26% of the stock is owned by 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.

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