The Coca-Cola Company (NYSE:KO - Get Free Report) shot up 0.1% during trading on Tuesday . The company traded as high as $63.75 and last traded at $63.42. 4,038,512 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 13,243,203 shares. The stock had previously closed at $63.36.
KO has been the topic of a number of recent analyst reports. StockNews.com lowered Coca-Cola from a "buy" rating to a "hold" rating in a research note on Friday, July 19th. Royal Bank of Canada upped their price target on Coca-Cola from $65.00 to $68.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. TD Cowen upped their price objective on shares of Coca-Cola from $65.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. Wells Fargo & Company boosted their price objective on Coca-Cola from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Finally, Barclays lowered their target price on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Coca-Cola has a consensus rating of "Moderate Buy" and an average price target of $71.80.
Get Our Latest Stock Analysis on Coca-Cola
The firm has a market cap of $272.30 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 3.88 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The stock's 50 day simple moving average is $69.37 and its 200-day simple moving average is $66.52.
Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion during the quarter, compared to analysts' expectations of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. Equities research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola's dividend payout ratio is currently 80.17%.
In other news, EVP Lisa Chang sold 40,334 shares of Coca-Cola stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total value of $2,804,826.36. Following the completion of the sale, the executive vice president now directly owns 74,067 shares of the company's stock, valued at approximately $5,150,619.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Lisa Chang sold 40,334 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $69.54, for a total value of $2,804,826.36. Following the sale, the executive vice president now owns 74,067 shares of the company's stock, valued at $5,150,619.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James Quincey sold 102,533 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total value of $7,179,360.66. Following the sale, the chief executive officer now owns 442,546 shares of the company's stock, valued at approximately $30,987,070.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 303,748 shares of company stock worth $20,677,431 in the last three months. 0.97% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of KO. William Blair Investment Management LLC grew its stake in shares of Coca-Cola by 17.8% during the 1st quarter. William Blair Investment Management LLC now owns 207,956 shares of the company's stock worth $12,723,000 after purchasing an additional 31,397 shares during the period. Koshinski Asset Management Inc. increased its stake in Coca-Cola by 4.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 27,953 shares of the company's stock valued at $1,710,000 after purchasing an additional 1,242 shares in the last quarter. TD Asset Management Inc raised its holdings in Coca-Cola by 0.7% during the first quarter. TD Asset Management Inc now owns 2,935,238 shares of the company's stock worth $179,578,000 after purchasing an additional 20,048 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Coca-Cola by 3.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 4,343,558 shares of the company's stock valued at $269,431,000 after purchasing an additional 138,392 shares during the last quarter. Finally, Angeles Wealth Management LLC increased its position in shares of Coca-Cola by 2.4% in the first quarter. Angeles Wealth Management LLC now owns 11,149 shares of the company's stock valued at $682,000 after buying an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.
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.
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