Coca-Cola (NYSE:KO) Stock Price Down 0.1%

The Coca-Cola Company (NYSE:KO) fell 0.1% during trading on Wednesday . The company traded as low as $63.23 and last traded at $63.79. 1,828,704 shares were traded during mid-day trading, a decline of 86% from the average session volume of 13,065,255 shares. The stock had previously closed at $63.84.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KO. Evercore ISI increased their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. UBS Group raised their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, June 14th. BNP Paribas assumed coverage on shares of Coca-Cola in a research report on Monday. They set an “outperform” rating and a $72.00 target price on the stock. Finally, Barclays raised their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $68.83.

Coca-Cola Stock Up 0.1 %

The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The stock has a market capitalization of $275.36 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59. The stock has a fifty day moving average price of $62.44 and a 200 day moving average price of $60.69.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts forecast that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.485 per share. The ex-dividend date is Friday, June 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.04%. Coca-Cola’s payout ratio is currently 77.60%.

Insider Activity at Coca-Cola

In other news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the transaction, the insider now directly owns 218,880 shares in the company, valued at $13,644,979.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Nikolaos Koumettis sold 80,891 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the sale, the insider now owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the completion of the sale, the executive vice president now directly owns 167,107 shares in the company, valued at approximately $10,358,962.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,665 shares of company stock valued at $13,995,465. 0.97% of the stock is currently owned by insiders.

Institutional Trading of Coca-Cola

A number of large investors have recently added to or reduced their stakes in KO. Tidemark LLC bought a new position in shares of Coca-Cola during the 4th quarter valued at $26,000. ESL Trust Services LLC acquired a new position in Coca-Cola in the first quarter valued at about $28,000. Redmont Wealth Advisors LLC bought a new position in shares of Coca-Cola in the first quarter worth about $28,000. Private Wealth Management Group LLC bought a new position in shares of Coca-Cola in the fourth quarter worth about $27,000. Finally, ZRC Wealth Management LLC raised its stake in shares of Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

About Coca-Cola

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.