Coca-Cola (NYSE:KO) Stock Price Down 0.1% – What’s Next?

Shares of The Coca-Cola Company (NYSE:KO) dropped 0.1% during trading on Monday . The company traded as low as $64.88 and last traded at $64.94. Approximately 2,524,342 shares changed hands during trading, a decline of 81% from the average daily volume of 13,206,234 shares. The stock had previously closed at $65.01.

Wall Street Analyst Weigh In

KO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Bank of America upped their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

Coca-Cola Trading Down 0.1 %

The stock has a market cap of $279.88 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 3.97 and a beta of 0.62. The firm’s 50 day moving average is $70.29 and its two-hundred day moving average is $66.37. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. Coca-Cola’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. Equities analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 2.99%. Coca-Cola’s payout ratio is 80.17%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at $15,968,095. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Lisa Chang sold 58,122 shares of Coca-Cola stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total transaction of $3,981,938.22. Following the completion of the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at $5,074,330.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 261,870 shares of company stock valued at $18,256,369. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KO. Jennison Associates LLC boosted its holdings in shares of Coca-Cola by 3.8% in the first quarter. Jennison Associates LLC now owns 47,562 shares of the company’s stock worth $2,910,000 after buying an additional 1,746 shares during the period. Mutual Advisors LLC boosted its holdings in shares of Coca-Cola by 7.0% during the first quarter. Mutual Advisors LLC now owns 70,161 shares of the company’s stock worth $4,292,000 after purchasing an additional 4,618 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Coca-Cola during the first quarter worth approximately $1,513,000. Comprehensive Financial Consultants Institutional Inc. boosted its holdings in shares of Coca-Cola by 3.0% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 15,696 shares of the company’s stock worth $960,000 after purchasing an additional 455 shares during the period. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Coca-Cola by 6.1% during the first quarter. Proficio Capital Partners LLC now owns 9,328 shares of the company’s stock worth $571,000 after purchasing an additional 535 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.