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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coca-Cola in the last year. 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.
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12 analysts have issued twelve-month price objectives for Coca-Cola's stock. Their KO share price forecasts range from $59.00 to $74.00. On average, they expect the company's share price to reach $68.33 in the next year. This suggests a possible upside of 22.1% from the stock's current price.
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Coca-Cola's stock was trading at $63.61 at the beginning of 2023. Since then, KO stock has decreased by 12.0% and is now trading at $55.95.
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Coca-Cola saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 21,000,000 shares, an increase of 5.9% from the July 31st total of 19,830,000 shares. Based on an average trading volume of 13,270,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.5% of the shares of the company are sold short.
View Coca-Cola's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our KO earnings forecast.

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.

The Coca-Cola Company (NYSE:KO) released its quarterly earnings data on Wednesday, July, 26th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The company earned $12 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share.
Read the conference call transcript.

Coca-Cola announced a quarterly dividend on Wednesday, July 19th. Investors of record on Friday, September 15th will be paid 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 is Thursday, September 14th.
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 Global Consumer Staples ETF (KXI) and iShares Core High Dividend ETF (HDV).

Coca-Cola (NYSE:KO) pays an annual dividend of $1.84 per share and currently has a dividend yield of 3.23%. 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.

Coca-Cola issued an update on its FY23 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $2.60-$2.63 for the period, compared to the consensus estimate of $2.61.

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.00%), State Street Corp (3.96%), Geode Capital Management LLC (1.83%), Charles Schwab Investment Management Inc. (1.40%), Northern Trust Corp (0.99%) and Bank of New York Mellon Corp (0.85%). 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, Manuel Arroyo, Mark Randazza, Monica Howard Douglas, Nancy Quan, Nikolaos Koumettis 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 $55.95.

Coca-Cola (NYSE:KO) has a market capitalization of $241.95 billion and generates $43.00 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.

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.