Coca-Cola Stock Price, News & Analysis (NYSE:KO)

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coca-Cola in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KO shares.
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11 analysts have issued 12-month price objectives for Coca-Cola's stock. Their KO share price targets range from $59.00 to $74.00. On average, they predict the company's stock price to reach $66.20 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
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Coca-Cola's stock was trading at $63.61 at the beginning of the year. Since then, KO shares have decreased by 8.2% and is now trading at $58.41.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
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The Coca-Cola Company (NYSE:KO) posted its quarterly earnings results on Tuesday, October, 24th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The business earned $11.95 billion during the quarter, compared to analysts' expectations of $11.45 billion. Coca-Cola had a trailing twelve-month return on equity of 42.44% and a net margin of 23.92%.

Coca-Cola announced a quarterly dividend on Thursday, October 19th. Investors of record on Friday, December 1st will be given a dividend of $0.46 per share on Friday, December 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for KO.

Coca-Cola (NYSE:KO) pays an annual dividend of $1.84 per share and currently has a dividend yield of 3.14%. The company has been increasing its dividend for 61 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 73.90%. This payout ratio is at a healthy, sustainable level, below 75%. 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.

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 updated its FY23 earnings guidance on Tuesday, October, 24th. The company provided earnings per share (EPS) guidance of $2.65-2.68 for the period, compared to the consensus earnings per share estimate of $2.64.

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's stock is owned by many different institutional and retail investors. Top institutional investors include Morgan Stanley (1.86%), FMR LLC (1.71%), Charles Schwab Investment Management Inc. (1.46%), Northern Trust Corp (1.04%), Bank of New York Mellon Corp (0.81%) and Legal & General Group Plc (0.68%). Insiders that own company stock include Alfredo Rivera, Beatriz R Perez, Brian John Smith, Carolyn Everson, 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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