Brokerages Set CocaCola Company (The) (NYSE:KO) PT at $86.27

Shares of CocaCola Company (The) (NYSE:KOGet Free Report) have earned a consensus rating of “Buy” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Fifteen analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $86.80.

Several research firms have issued reports on KO. TD Cowen upped their price objective on CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley set a $88.00 price objective on CocaCola in a report on Wednesday, March 11th. Truist Financial set a $85.00 price objective on CocaCola in a report on Wednesday, February 11th. Citigroup boosted their price objective on CocaCola from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Monday. Finally, UBS Group boosted their price objective on CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th.

Read Our Latest Report on CocaCola

Insider Activity

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the completion of the sale, the executive vice president owned 223,330 shares in the company, valued at approximately $18,074,096.90. The trade was a 12.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John Murphy sold 72,449 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the sale, the chief financial officer owned 279,917 shares of the company’s stock, valued at $22,538,916.84. The trade was a 20.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 786,726 shares of company stock worth $62,547,977. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of CocaCola

A number of hedge funds have recently modified their holdings of KO. Anfield Capital Management LLC raised its position in shares of CocaCola by 438.8% in the 4th 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. Louisbourg Investments Inc. bought a new stake in shares of CocaCola in the 1st quarter valued at $25,000. Headlands Technologies LLC bought a new stake in shares of CocaCola in the 2nd quarter valued at $26,000. Cloud Capital Management LLC bought a new stake in CocaCola during the 3rd quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. increased its stake in CocaCola by 1,081.8% during the 4th 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 currently owned by institutional investors and hedge funds.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

CocaCola Stock Performance

CocaCola stock opened at $81.21 on Friday. The stock has a 50-day simple moving average of $77.33 and a 200 day simple moving average of $74.60. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. CocaCola has a 12-month low of $65.35 and a 12-month high of $82.66. The stock has a market capitalization of $349.41 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 3.26 and a beta of 0.35.

CocaCola (NYSE:KOGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $12.24 billion. During the same period in the previous year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, research analysts anticipate that CocaCola will post 3.26 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s payout ratio is currently 66.67%.

About CocaCola

(Get Free Report)

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.

See Also

Analyst Recommendations for CocaCola (NYSE:KO)

Receive News & Ratings for CocaCola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CocaCola and related companies with MarketBeat.com's FREE daily email newsletter.