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

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 "buy" KO shares.
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12 brokerages have issued 12 month price objectives for Coca-Cola's shares. Their KO share price forecasts range from $59.00 to $74.00. On average, they predict the company's share price to reach $67.67 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price.
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Coca-Cola's stock was trading at $63.61 at the start of the year. Since then, KO stock has decreased by 4.9% and is now trading at $60.48.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
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The Coca-Cola Company (NYSE:KO) issued its quarterly earnings data on Monday, April, 24th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. The business had revenue of $11 billion for the quarter, compared to analyst estimates of $10.78 billion. Coca-Cola had a net margin of 22.69% and a trailing twelve-month return on equity of 42.96%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS.
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Coca-Cola declared a quarterly dividend on Wednesday, April 26th. Stockholders of record on Friday, June 16th will be paid a dividend of $0.46 per share on Monday, July 3rd. This represents a $1.84 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for KO.

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 ETF (VDC), First Trust Nasdaq Food & Beverage ETF (FTXG), ProShares Ultra Consumer Staples (UGE), iShares MSCI Water Management Multisector ETF (IWTR) and Invesco Dynamic Food & Beverage ETF (PBJ).

Coca-Cola (NYSE:KO) pays an annual dividend of $1.84 per share and currently has a dividend yield of 3.06%. 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 80.70%. 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 65.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KO.

Coca-Cola updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $2.58-$2.60 for the period, compared to the consensus EPS estimate of $2.60. The company issued revenue guidance of -.

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.

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).

Coca-Cola trades on the New York Stock Exchange (NYSE) under the ticker symbol "KO."

Coca-Cola's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.20%), State Street Corp (3.92%), FMR LLC (1.84%), Geode Capital Management LLC (1.78%), Charles Schwab Investment Management Inc. (1.40%) and Wellington Management Group LLP (1.27%). Insiders that own company stock include Alfredo Rivera, Beatriz R Perez, Brian John Smith, Carolyn Everson, David B Weinberg, Henrique Braun, Herbert A Allen III, James Quincey, Jennifer K Mann, Jennifer K Mann, John Murphy, Kathy Loveless, Mark Randazza, Monica Howard Douglas, Nancy Quan, Nikolaos Koumettis, Robert Edward Long and Stephen Furlong.
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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.
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One share of KO stock can currently be purchased for approximately $60.48.

Coca-Cola (NYSE:KO) has a market capitalization of $261.55 billion and generates $43.00 billion in revenue each year. The company earns $9.54 billion in net income (profit) each year or $2.28 on an earnings per share basis.

The company employs 82,500 workers across the globe.

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.