CocaCola (NYSE:KO) Price Target Raised to $90.00 at JPMorgan Chase & Co.

CocaCola (NYSE:KOFree Report) had its price objective hoisted by JPMorgan Chase & Co. from $85.00 to $90.00 in a research note published on Friday, Marketbeat.com reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Piper Sandler reissued an “overweight” rating on shares of CocaCola in a report on Friday, June 26th. Bank of America lifted their target price on CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings raised CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. Wells Fargo & Company raised their price target on CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, Truist Financial set a $88.00 price objective on CocaCola in a report on Friday, June 26th. Fifteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.06.

Check Out Our Latest Analysis on CocaCola

CocaCola Trading Up 1.0%

KO traded up $0.86 during midday trading on Friday, reaching $83.49. 10,692,829 shares of the company were exchanged, compared to its average volume of 18,981,964. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The stock has a market capitalization of $359.23 billion, a P/E ratio of 26.26, a PEG ratio of 3.30 and a beta of 0.34. The stock’s 50-day simple moving average is $80.79 and its 200 day simple moving average is $77.17. CocaCola has a one year low of $65.35 and a one year high of $85.68.

CocaCola (NYSE:KOGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The business had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same quarter last year, the firm earned $0.73 EPS. CocaCola’s quarterly revenue was up 11.4% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, analysts forecast 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 was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, June 15th. CocaCola’s dividend payout ratio is currently 66.67%.

Insider Activity at CocaCola

In other news, EVP Jennifer K. Mann sold 23,984 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total value of $2,000,505.44. Following the sale, the executive vice president owned 157,400 shares of the company’s stock, valued at $13,128,734. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Nancy Quan sold 31,625 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $18,074,096.90. The trade was a 12.40% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 899,905 shares of company stock valued at $71,832,315. 0.90% of the stock is owned by insiders.

Hedge Funds Weigh In On CocaCola

Several hedge funds have recently modified their holdings of the stock. Anfield Capital Management LLC boosted its position 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 purchasing an additional 294 shares during the last quarter. Louisbourg Investments Inc. bought a new stake in shares of CocaCola during the 1st quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in shares of CocaCola in the 2nd quarter valued at approximately $26,000. Evolution Wealth Management Inc. grew its stake in shares of CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after buying an additional 357 shares in the last quarter. Finally, Daytona Street Capital LLC acquired a new position in CocaCola during the fourth quarter worth $29,000. Institutional investors own 70.26% of the company’s stock.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

CocaCola Company Profile

(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.

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Analyst Recommendations for CocaCola (NYSE:KO)

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