Coca-Cola - KO Stock Forecast, Price & News

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, Fanta, Fresca, Schweppes, Sprite, Thums Up, Aquarius, Ciel, dogadan, Dasani, glacéau smartwater, glacéau vitaminwater, Ice Dew, I LOHAS, Powerade, Topo Chico, AdeS, Del Valle, fairlife, innocent, Minute Maid, Minute Maid Pulpy, Simply, Ayataka, BODYARMOR, Costa, FUZE TEA, Georgia, and Gold Peak brands. It operates through a network of independent bottling partners, distributors, wholesalers, and retailers, as well as through bottling and distribution operators. The company was founded in 1886 and is headquartered in Atlanta, Georgia.

Coca-Cola Stock Down 0.2 %

Shares of NYSE:KO opened at $64.88 on Thursday. The company has a 50 day simple moving average of $62.57 and a 200 day simple moving average of $62.60. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 0.95. Coca-Cola has a 1 year low of $52.28 and a 1 year high of $67.20. The firm has a market cap of $280.58 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 4.09 and a beta of 0.53.

Coca-Cola (NYSE:KO - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The firm had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The company's revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts forecast that Coca-Cola will post 2.46 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 16th will be given a $0.44 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.71%. Coca-Cola's dividend payout ratio (DPR) is presently 79.64%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KO. Credit Suisse Group set a $68.00 target price on Coca-Cola in a report on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola from $62.00 to $64.00 and gave the company a "hold" rating in a research report on Tuesday, April 26th. Citigroup increased their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 26th. UBS Group boosted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, July 27th. Finally, Royal Bank of Canada set a $69.00 target price on Coca-Cola in a research note on Tuesday, July 26th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Coca-Cola has a consensus rating of "Moderate Buy" and an average price target of $69.35.

Insider Activity

In related news, Director Carolyn Everson bought 983 shares of Coca-Cola stock in a transaction that occurred on Wednesday, July 27th. The shares were acquired at an average cost of $62.29 per share, for a total transaction of $61,231.07. Following the completion of the acquisition, the director now directly owns 1,500 shares of the company's stock, valued at approximately $93,435. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Carolyn Everson purchased 983 shares of the company's stock in a transaction dated Wednesday, July 27th. The shares were purchased at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the transaction, the director now owns 1,500 shares of the company's stock, valued at $93,435. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kathy Loveless sold 2,512 shares of the company's stock in a transaction on Friday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,768.00. Following the completion of the sale, the vice president now directly owns 1,370 shares in the company, valued at $87,680. The disclosure for this sale can be found here. Insiders own 0.98% of the company's stock.