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 Trading Down 0.1 %

KO traded down $0.05 during midday trading on Friday, hitting $65.17. 8,748,586 shares of the company were exchanged, compared to its average volume of 17,533,922. The firm has a market capitalization of $281.84 billion, a P/E ratio of 29.57, a P/E/G ratio of 4.11 and a beta of 0.53. Coca-Cola has a 1-year low of $52.28 and a 1-year high of $67.20. The firm's 50 day moving average price is $62.64 and its 200-day moving average price is $62.63. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.48.

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

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.70%. Coca-Cola's dividend payout ratio is 79.64%.

Analyst Upgrades and Downgrades

KO has been the topic of a number of recent research reports. JPMorgan Chase & Co. set a $70.00 price target on shares of Coca-Cola in a research report on Tuesday, July 26th. Truist Financial raised their price target on Coca-Cola from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, April 26th. Citigroup upped their price objective 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. Guggenheim raised their target price on shares of Coca-Cola from $68.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, April 26th. Finally, Cowen upped their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a "market perform" rating in a report on Tuesday, April 26th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Coca-Cola currently has an average rating of "Moderate Buy" and an average price target of $69.35.

Insider Activity

In related news, Director Carolyn Everson acquired 983 shares of the firm'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 completion of the acquisition, the director now owns 1,500 shares in the company, valued at $93,435. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, Director Carolyn Everson bought 983 shares of the business'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 completion of the acquisition, the director now owns 1,500 shares of the company's stock, valued at $93,435. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kathy Loveless sold 2,512 shares of the 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 sale, the vice president now directly owns 1,370 shares of the company's stock, valued at approximately $87,680. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.