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 Up 1.0 %

Shares of KO opened at $63.65 on Thursday. The stock has a market cap of $275.26 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 4.01 and a beta of 0.53. 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 50 day simple moving average of $62.45 and a 200-day simple moving average of $62.44.

Coca-Cola (NYSE:KO - Get Rating) last released its earnings results on Tuesday, July 26th. The company reported $0.70 earnings per share for the quarter, topping 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 company had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. The company's revenue was up 11.9% on a year-over-year basis. Equities analysts forecast that Coca-Cola will post 2.46 EPS for the current fiscal year.

Coca-Cola Announces Dividend

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 issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, September 15th. Coca-Cola's dividend payout ratio (DPR) is presently 79.64%.

Analysts Set New Price Targets

KO has been the subject of several recent analyst reports. JPMorgan Chase & Co. set a $70.00 price target on Coca-Cola in a research note on Tuesday, July 26th. Royal Bank of Canada set a $69.00 price target on shares of Coca-Cola in a report on Tuesday, July 26th. Truist Financial boosted their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, April 26th. Barclays set a $74.00 target price on shares of Coca-Cola in a research note on Wednesday, April 27th. Finally, StockNews.com upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating in a research note on Saturday, August 6th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Coca-Cola presently has an average rating of "Moderate Buy" and a consensus price target of $69.35.

Insider Buying and Selling at Coca-Cola

In related news, Director Carolyn Everson acquired 983 shares of the stock in a transaction on Wednesday, July 27th. The stock was 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 approximately $93,435. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, Director Carolyn Everson bought 983 shares of the 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 owns 1,500 shares in the company, valued at $93,435. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $160,768.00. Following the completion of 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. Insiders own 0.98% of the company's stock.