CocaCola (NYSE:KO) Stock Price Up 2.1% – Here’s What Happened

CocaCola Company (The) (NYSE:KO) traded up 2.1% during trading on Tuesday . The stock traded as high as $88.96 and last traded at $88.8150. Approximately 12,492,589 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 17,173,025 shares. The stock had previously closed at $86.98.

Analyst Ratings Changes

KO has been the topic of several research analyst reports. Royal Bank Of Canada upped their target price on shares of CocaCola from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. UBS Group set a $104.00 price target on shares of CocaCola and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Bank of America lifted their target price on shares of CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. boosted their target price on shares of CocaCola from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group raised their price target on CocaCola from $95.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, CocaCola currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.76.

CocaCola Price Performance

The company has a market capitalization of $382.13 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 3.06 and a beta of 0.33. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The firm’s 50-day moving average is $83.66 and its 200-day moving average is $79.95.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. The business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Analysts predict that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s dividend payout ratio (DPR) is currently 63.66%.

Insider Activity at CocaCola

In other news, insider Sanket Ray sold 9,958 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the transaction, the insider owned 62,105 shares of the company’s stock, valued at $5,372,082.50. This trade represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Murphy sold 152,483 shares of CocaCola stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $87.31, for a total value of $13,313,290.73. Following the transaction, the chief financial officer directly owned 279,917 shares in the company, valued at approximately $24,439,553.27. The trade was a 35.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,433,535 shares of company stock valued at $121,922,698 in the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On CocaCola

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KO. Louisbourg Investments Inc. purchased a new position in CocaCola during the first quarter valued at approximately $25,000. Guardian Partners Inc. purchased a new stake in CocaCola in the 2nd quarter worth $27,000. Anfield Capital Management LLC raised its holdings in CocaCola by 438.8% during the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after acquiring an additional 294 shares during the period. Headlands Technologies LLC bought a new position in shares of CocaCola in the second quarter worth about $26,000. Finally, Evolution Wealth Management Inc. grew its position in shares of CocaCola by 1,081.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after purchasing an additional 357 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Company Profile

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.