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 Price Performance

Shares of Coca-Cola stock traded up $0.48 during trading on Friday, reaching $63.70. The company's stock had a trading volume of 9,489,284 shares, compared to its average volume of 12,310,500. The business has a 50 day moving average price of $62.46 and a 200-day moving average price of $62.50. Coca-Cola has a 12-month low of $52.28 and a 12-month high of $67.20. The company has a market capitalization of $275.48 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 4.00 and a beta of 0.53. 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 issued its earnings results on Tuesday, July 26th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The company had revenue of $11.30 billion for 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 business's revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. As a group, sell-side analysts anticipate that Coca-Cola will post 2.46 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 16th will be issued a $0.44 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a yield of 2.76%. Coca-Cola's dividend payout ratio (DPR) is presently 79.64%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Coca-Cola from $62.00 to $64.00 and gave the stock a "hold" rating in a research report on Tuesday, April 26th. Truist Financial boosted their price objective on Coca-Cola from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, April 26th. Barclays set a $74.00 target price on shares of Coca-Cola in a research report on Wednesday, April 27th. Morgan Stanley reduced their price target on shares of Coca-Cola from $76.00 to $74.00 and set an "overweight" rating for the company in a research report on Wednesday, July 27th. Finally, Cowen lifted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company a "market perform" rating in a research note on Tuesday, April 26th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $69.35.

Insider Activity

In related news, VP Kathy Loveless sold 2,512 shares of the company's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,768.00. Following the sale, the vice president now owns 1,370 shares in the company, valued at approximately $87,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Kathy Loveless sold 2,512 shares of the business's stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,768.00. Following the sale, the vice president now directly owns 1,370 shares in the company, valued at approximately $87,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Quincey sold 32,000 shares of the firm's stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $64.09, for a total transaction of $2,050,880.00. Following the transaction, the chief executive officer now owns 351,737 shares of the company's stock, valued at $22,542,824.33. The disclosure for this sale can be found here. Insiders own 0.98% of the company's stock.