Analysts Set CocaCola Company (The) (NYSE:KO) PT at $77.21

Shares of CocaCola Company (The) (NYSE:KO) have earned a consensus rating of “Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $76.9286.

A number of equities analysts recently weighed in on KO shares. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. UBS Group decreased their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. BNP Paribas reissued an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On CocaCola

A number of large investors have recently bought and sold shares of the stock. NWF Advisory Services Inc. increased its stake in CocaCola by 10.8% in the 2nd quarter. NWF Advisory Services Inc. now owns 43,733 shares of the company’s stock worth $3,094,000 after purchasing an additional 4,261 shares during the period. V. M. Manning & CO. Inc. purchased a new position in CocaCola in the 2nd quarter worth approximately $492,000. Osaic Holdings Inc. increased its stake in CocaCola by 31.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,447,781 shares of the company’s stock worth $102,632,000 after purchasing an additional 345,400 shares during the period. Stonebridge Wealth Management LLC purchased a new position in CocaCola in the 2nd quarter worth approximately $233,000. Finally, Orion Porfolio Solutions LLC increased its stake in CocaCola by 7.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 293,119 shares of the company’s stock worth $20,738,000 after purchasing an additional 19,192 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Stock Performance

Shares of KO opened at $67.62 on Tuesday. The company has a market cap of $291.01 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock has a 50-day moving average price of $69.38 and a 200-day moving average price of $70.40. CocaCola has a 12-month low of $60.62 and a 12-month high of $74.38.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities analysts forecast that CocaCola will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola’s payout ratio is 72.34%.

CocaCola 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.