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 KO opened at $65.03 on Wednesday. The firm has a market cap of $281.23 billion, a PE ratio of 29.43, a PEG ratio of 4.09 and a beta of 0.53. The firm's 50 day moving average price is $62.53 and its 200 day moving average price is $62.58. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 1.13. Coca-Cola has a twelve month low of $52.28 and a twelve month high of $67.20.

Coca-Cola (NYSE:KO - Get Rating) last issued its quarterly earnings data 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 firm 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 company's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. As a group, research analysts expect that Coca-Cola will post 2.46 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, September 15th. Coca-Cola's payout ratio is presently 79.64%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KO. UBS Group upped their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola from $62.00 to $64.00 and gave the company a "hold" rating in a research note on Tuesday, April 26th. Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, April 26th. Morgan Stanley reduced their price objective on shares of Coca-Cola from $76.00 to $74.00 and set an "overweight" rating for the company in a research note on Wednesday, July 27th. Finally, Guggenheim upped their price objective on shares of Coca-Cola from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, April 26th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.35.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 32,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was 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 in the company, valued at $22,542,824.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Coca-Cola news, CEO James Quincey sold 32,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was 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 in the company, valued at $22,542,824.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carolyn Everson purchased 983 shares of the stock in a transaction on Wednesday, July 27th. The shares were bought at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the acquisition, the director now owns 1,500 shares of the company's stock, valued at $93,435. The disclosure for this purchase can be found here. Insiders own 0.98% of the company's stock.