NYSE:KO

Coca-Cola (KO) Stock Forecast, Price & News

$55.98

+0.17 (+0.30%)

(As of 09/29/2023 08:53 PM ET)

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Today's Range: $55.62
▼
$56.27
50-Day Range: $55.81
▼
$63.07
52-Week Range: $54.01
▼
$64.99

Volume: 12.27 million shs
Average Volume: 13.17 million shs
Market Capitalization: $242.08 billion

P/E Ratio: 23.04
Dividend Yield: 3.29%
Price Target: $68.33

Coca-Cola MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 22.1% Upside
$68.33 Price Target
Short Interest: Healthy
0.54% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.36
Upright™ Environmental Score
News Sentiment: 0.77
Based on 16 Articles This Week
Insider Trading: Selling Shares
$19.47 M Sold Last Quarter
Proj. Earnings Growth: 7.22%
From $2.63 to $2.82 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Consumer Staples Sector

59th out of 131 stocks

Beverages Industry

6th out of 12 stocks

2.4

Analyst's Opinion

Consensus Rating
Coca-Cola has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $68.33, Coca-Cola has a forecasted upside of 22.1% from its current price of $55.98.
Amount of Analyst Coverage
Coca-Cola has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.54% of the float of Coca-Cola has been sold short.
Short Interest Ratio / Days to Cover
Coca-Cola has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Coca-Cola has recently increased by 1.22%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Yield
Coca-Cola pays a meaningful dividend of 3.30%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Coca-Cola has been increasing its dividend for 62 years.
Dividend Coverage
The dividend payout ratio of Coca-Cola is 75.72%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Coca-Cola will have a dividend payout ratio of 65.25% next year. This indicates that Coca-Cola will be able to sustain or increase its dividend.

0.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Coca-Cola has received a -59.93% net impact score from Upright. The largest negative impact of Coca-Cola in category "Physical diseases" seems to be driven mostly by its "Sugar-sweetened soft drinks", "Artificially sweetened soft drinks", and "Energy drinks" products. See details.
Environmental Sustainability
The Environmental Impact score for Coca-Cola is -1.36.

3.2

News and Social Media Coverage

News Sentiment
Coca-Cola has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for Coca-Cola this week, compared to 13 articles on an average week.
Search Interest
Only 153 people have searched for KO on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.
MarketBeat Follows
105 people have added Coca-Cola to their MarketBeat watchlist in the last 30 days. This is an increase of 78% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Coca-Cola insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $19,467,980.00 in company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Coca-Cola is held by insiders.
Percentage Held by Institutions
68.96% of the stock of Coca-Cola is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Coca-Cola are expected to grow by 7.22% in the coming year, from $2.63 to $2.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Coca-Cola is 23.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Coca-Cola is 23.04, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 19.41.
Price to Earnings Growth Ratio
Coca-Cola has a PEG Ratio of 3.28. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Coca-Cola has a P/B Ratio of 9.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Coca-Cola (NYSE:KO) Stock

The Coca-Cola Company is one of the world’s most recognized brands. Founded in 1886, the company today is vastly different from its creator's original intent. The original formula was invented by John Stith Pemberton as a health drink, energy boost, and patent medicine following his time in the Civil War. The name is derived from two of the original ingredients coca leaves and kola nuts, although those ingredients are not used today, and was intended to be sold in pharmacies.

Pemberton sold his formula and brand in 1889 to Asa Griggs Candler who then embarked on a nationwide advertising campaign. By 1895 Coca-Cola was being sold in every state in the union and it wouldn’t be long before the beverage was being enjoyed worldwide. By 1889 the company was operating under a franchised distribution system that is still in effect today.

Today, the Coca-Cola Company primarily makes syrups that are shipped to bottler/distributors who command exclusive territories. The Coca-Cola Company retains ownership of the largest US bottler, Coca-Cola Refreshments but there are many others around the world. Coca-Cola Femsa, of which The Coca-Cola Company owns 28%, is located in Mexico and is the world’s largest bottler of Coca-Cola

The Coca-Cola Company is headquartered in Atlanta, Georgia, and operates as a beverage company worldwide with sales in over 200 countries. The company manufactures, markets, and sells various nonalcoholic beverages and has expanded well beyond soda and pop. After years of expansion and acquisitions, The Coca-Cola Company is represented in verticals from sparkling soft drinks to flavored water, enhanced water, sports beverages, juice, dairy, tea, and coffee. Brands under the Coca-Cola umbrella include Fanta, Fresca, Schweppes, Sprite, Dasani, Gold Peak, Minute Maid, Simply, BODYARMOR, FUZE TEA, and Powerade brands.

The Coca-Cola Company first went public in 1919 and it began paying a dividend in 1920. The company has raised its dividend every year since 1962 making it a Dividend King. To put the company’s growth and scale into perspective, one share of KO purchased at the IPO price of $40 was worth nearly $10 million in 2012 and the stock price has nearly doubled since then. Underwriters of the original IPO received $100,000 worth of shares in compensation for the deal and were able to sell it for $2 billion at that time. The Coca-Cola Company is also a component of the Dow Jones Industrial Average holding its position from 1932 to 1935 and from 1987 to the present.

KO Price History

30 days | 90 days | 365 days | Advanced Chart

KO Stock News Headlines

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James Quincey Sells 92,029 Shares of The Coca-Cola Company (NYSE:KO) Stock

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KO Company Calendar

Last Earnings: 7/26/2023
Ex-Dividend for 10/2 Dividend: 9/14/2023
Today: 10/02/2023
Dividend Payable: 10/02/2023
Next Earnings (Confirmed): 10/24/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Beverages
Sub-Industry: Soft Drinks
Sector: Consumer Staples
Current Symbol: NYSE:KO
CUSIP: 19121610
CIK: 21344
Web: www.coca-colacompany.com
Phone: (404) 676-2121
Fax: 404-676-6792
Employees: 82,500
Year Founded: 1892

Price Target and Rating

Average Stock Price Forecast: $68.33
High Stock Price Forecast: $74.00
Low Stock Price Forecast: $59.00
Forecasted Upside/Downside: +22.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.43
Trailing P/E Ratio: 23.04
Forward P/E Ratio: 21.29
P/E Growth: 3.28
Net Income: $9.54 billion
Net Margins: 23.81%
Pretax Margin: 29.17%
Return on Equity: 43.06%
Return on Assets: 11.83%

Debt

Debt-to-Equity Ratio: 1.29
Current Ratio: 1.14
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $44.14 billion
Price / Sales: 5.48
Cash Flow: $2.79 per share
Price / Cash Flow: 20.07
Book Value: $5.97 per share
Price / Book: 9.38

Miscellaneous

Outstanding Shares: 4,324,345,000
Free Float: 4,281,102,000
Market Cap: $242.08 billion
Optionable: Optionable
Beta: 0.55

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Key Executives

Mr. James Robert B. Quincey (Age 58)
Chairman & CEO
Comp: $8.2M

Mr. John Murphy (Age 61)
Pres & CFO
Comp: $3.71M

Mr. Manuel Arroyo Prieto (Age 55)
Chief Marketing Officer
Comp: $2.97M

Mr. Mark Randazza (Age 57)
VP, Assistant Controller & Chief Accounting Officer

Ms. Nancy W. Quan (Age 57)
Sr. VP and Chief Technical & Innovation Officer

Mr. Neeraj Tolmare
Global Chief Information Officer

Ms. Robin Halpern
VP & Global Head of Investor Relations

Ms. Monica Howard Douglas (Age 50)
Sr. VP & Gen. Counsel

Ms. Beatriz R. Perez (Age 53)
Sr. VP & Global Chief of Communications, Sustainability and Strategic Partnerships Officer

Ms. Lisa V. Chang (Age 54)
Sr. VP & Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KO Stock - Frequently Asked Questions

Should I buy or sell Coca-Cola stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coca-Cola in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KO shares.
View KO analyst ratings or view top-rated stocks.
What is Coca-Cola's stock price forecast for 2023?: 12 equities research analysts have issued twelve-month price objectives for Coca-Cola's shares. Their KO share price forecasts range from $59.00 to $74.00. On average, they expect the company's stock price to reach $68.33 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price.
View analysts price targets for KO or view top-rated stocks among Wall Street analysts.
How have KO shares performed in 2023?: Coca-Cola's stock was trading at $63.61 at the start of the year. Since then, KO shares have decreased by 12.0% and is now trading at $55.98.
View the best growth stocks for 2023 here.
When is Coca-Cola's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our KO earnings forecast.
How can I listen to Coca-Cola's earnings call?: Coca-Cola will be holding an earnings conference call on Tuesday, October 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Coca-Cola's earnings last quarter?: The Coca-Cola Company (NYSE:KO) posted its quarterly earnings results on Wednesday, July, 26th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $12 billion for the quarter, compared to the consensus estimate of $11.74 billion. Coca-Cola had a net margin of 23.81% and a trailing twelve-month return on equity of 43.06%. The firm's revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS.
Read the conference call transcript.
How often does Coca-Cola pay dividends? What is the dividend yield for Coca-Cola?: Coca-Cola announced a quarterly dividend on Wednesday, July 19th. Investors of record on Friday, September 15th will be given a dividend of $0.46 per share on Monday, October 2nd. This represents a $1.84 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for KO.
What ETFs hold Coca-Cola's stock?: ETFs with the largest weight of Coca-Cola (NYSE:KO) stock in their portfolio include iShares U.S. Consumer Staples ETF (IYK), Consumer Staples Select Sector SPDR Fund (XLP), Fidelity MSCI Consumer Staples Index ETF (FSTA), Vanguard Consumer Staples Fund (VDC), First Trust Nasdaq Food & Beverage ETF (FTXG), ProShares Ultra Consumer Staples (UGE), iShares Global Consumer Staples ETF (KXI) and iShares Core High Dividend ETF (HDV).
Is Coca-Cola a good dividend stock?: Coca-Cola (NYSE:KO) pays an annual dividend of $1.84 per share and currently has a dividend yield of 3.30%. The company has been increasing its dividend for 62 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 75.72%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KO will have a dividend payout ratio of 65.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KO.

What guidance has Coca-Cola issued on next quarter's earnings?: Coca-Cola issued an update on its FY23 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $2.60-$2.63 for the period, compared to the consensus EPS estimate of $2.61.
What is James Quincey's approval rating as Coca-Cola's CEO?: 797 employees have rated Coca-Cola Chief Executive Officer James Quincey on Glassdoor.com. James Quincey has an approval rating of 92% among the company's employees. This puts James Quincey in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Coca-Cola own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Coca-Cola investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Walt Disney (DIS), Exxon Mobil (XOM), Intel (INTC), Pfizer (PFE), Procter & Gamble (PG), Cisco Systems (CSCO) and JPMorgan Chase & Co. (JPM).
What is Coca-Cola's stock symbol?: Coca-Cola trades on the New York Stock Exchange (NYSE) under the ticker symbol "KO."
How do I buy shares of Coca-Cola?: Shares of KO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Coca-Cola's stock price today?: One share of KO stock can currently be purchased for approximately $55.98.
How much money does Coca-Cola make?: Coca-Cola (NYSE:KO) has a market capitalization of $242.08 billion and generates $44.14 billion in revenue each year. The company earns $9.54 billion in net income (profit) each year or $2.43 on an earnings per share basis.
How many employees does Coca-Cola have?: The company employs 82,500 workers across the globe.
Does Coca-Cola have any subsidiaries?: The following companies are subsidiares of Coca-Cola: Atlantic Industries, BA Sports Nutrition LLC, BODYARMOR Sports Nutrition, Barlan Inc., Barq's, Beverage Financial Centre Unlimited Company, C.H.I. Limited, CCHBC Grouping Inc., Coca-Cola Beverages Africa, Coca-Cola Beverages Africa Proprietary Limited, Coca-Cola Beverages Company Limited, Coca-Cola Beverages Philippines Inc., Coca-Cola Beverages Vietnam Ltd., Coca-Cola Company Limited, Coca-Cola Holdings Limited, Coca-Cola Holdings UK Limited, Coca-Cola Indochina Pte Ltd, Coca-Cola Industrias Limitada —, Coca-Cola Industrias Sociedad de Responsabilidad Limitada, Coca-Cola Investment Limited, Coca-Cola Ltd., Coca-Cola Midi S.A.S., Coca-Cola Oasis LLC, Coca-Cola Overseas Parent Limited LLC, Coca-Cola Refreshments USA LLC, Coca-Cola South Asia Holdings Inc., Coca-Cola de Chile S.A., Columbia Pictures Entertainment, Costa Limited, Dulux CBAI 2003 B.V., Energy Brands Inc., European Refreshments Unlimited Company, Fairlife, Fresh Trading Limited, Fuze Beverage, Glaceau, Hindustan Coca-Cola Beverages Private Limited, Hindustan Coca-Cola Holdings Private Limited, Hindustan Coca-Cola Overseas Holdings Pte. Limited, MAA Investimentos e Participacoes Societarias Ltda, MOJO Beverages, Minute Maid, Nidan Soki, Organic & Raw Trading Co, Pacific Refreshments Pte. Ltd., Recofarma Industria do Amazonas Ltda., Red Life Reinsurance Limited, Red Re Captive Insurance Company Inc., Refreshment Product Services Inc., Servicios Integrados de Administracion y Alta Gerencia S. de R.L. de C.V., Servicios y Productos para Bebidas Refrescantes S.R.L., The Coca-Cola Export Corporation, The Coca-Cola Trading Company LLC, The Inmex Corporation, Tropico, Varoise de Concentres S.A.S., Zico, and fairlife LLC.
Read More
How can I contact Coca-Cola?: Coca-Cola's mailing address is ONE COCA COLA PLAZA, ATLANTA GA, 30313. The official website for the company is www.coca-colacompany.com. The company can be reached via phone at (404) 676-2121, via email at koinvestorrelations@coca-cola.com, or via fax at 404-676-6792.

This page (NYSE:KO) was last updated on 10/2/2023 by MarketBeat.com Staff

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