The Coca-Cola Company (NYSE:KO) Plans $0.51 Quarterly Dividend

The Coca-Cola Company (NYSE:KO - Get Free Report) declared a quarterly dividend on Thursday, May 1st, RTT News reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.51 per share on Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, June 13th.

Coca-Cola has raised its dividend payment by an average of 4.9% annually over the last three years and has raised its dividend every year for the last 64 years. Coca-Cola has a payout ratio of 63.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Coca-Cola to earn $3.19 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 63.9%.

Coca-Cola Stock Up 0.1 %

KO traded up $0.06 during trading on Monday, reaching $71.71. The stock had a trading volume of 11,928,294 shares, compared to its average volume of 15,428,484. Coca-Cola has a one year low of $60.62 and a one year high of $74.38. The company has a market capitalization of $308.61 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 3.79 and a beta of 0.45. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock's 50 day moving average is $70.90 and its two-hundred day moving average is $66.54.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Coca-Cola's quarterly revenue was down .7% on a year-over-year basis. As a group, analysts expect that Coca-Cola will post 2.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now directly owns 52,466 shares of the company's stock, valued at $3,749,745.02. The trade was a 32.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Quincey sold 145,435 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $71.01, for a total value of $10,327,339.35. Following the transaction, the chief executive officer now owns 342,546 shares of the company's stock, valued at approximately $24,324,191.46. This trade represents a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 313,423 shares of company stock worth $22,263,071. Company insiders own 0.97% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Coca-Cola stock. Revolve Wealth Partners LLC grew its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,795 shares of the company's stock after acquiring an additional 293 shares during the period. Revolve Wealth Partners LLC's holdings in Coca-Cola were worth $548,000 as of its most recent filing with the Securities & Exchange Commission. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research report on Thursday, February 13th. Wells Fargo & Company raised their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. UBS Group upped their target price on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Coca-Cola currently has a consensus rating of "Buy" and an average price target of $75.59.

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.