CocaCola Company (The) Declares Quarterly Dividend of $0.53 (NYSE:KO)

CocaCola Company (The) (NYSE:KO) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.53 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

CocaCola has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 64 years. CocaCola has a payout ratio of 66.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CocaCola to earn $3.48 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 60.9%.

CocaCola Stock Down 0.8%

Shares of CocaCola stock opened at $82.38 on Thursday. The business has a 50-day moving average of $81.06 and a 200-day moving average of $77.50. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The company has a market capitalization of $354.45 billion, a PE ratio of 25.91, a P/E/G ratio of 3.32 and a beta of 0.34. CocaCola has a 1-year low of $65.35 and a 1-year high of $85.68.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $12.24 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The company’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. As a group, equities analysts forecast that CocaCola will post 3.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the business’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 $18,074,096.90. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 100,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the sale, the executive vice president directly owned 181,384 shares in the company, valued at $14,412,772.64. This trade represents a 35.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 899,905 shares of company stock valued at $71,832,315 over the last 90 days. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On CocaCola

A number of hedge funds and other institutional investors have recently bought and sold shares of KO. Norges Bank acquired a new position in CocaCola during the 4th quarter valued at approximately $3,865,807,000. Cardano Risk Management B.V. increased its position in CocaCola by 867.2% in the fourth quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company’s stock worth $1,008,954,000 after buying an additional 12,939,959 shares during the period. Marshall Wace LLP increased its position in CocaCola by 1,206.9% in the fourth quarter. Marshall Wace LLP now owns 10,641,007 shares of the company’s stock worth $743,913,000 after buying an additional 9,826,768 shares during the period. Bank of America Corp DE lifted its stake in CocaCola by 29.2% in the fourth quarter. Bank of America Corp DE now owns 40,182,323 shares of the company’s stock valued at $2,809,146,000 after buying an additional 9,078,447 shares during the last quarter. Finally, Capital World Investors grew its position in shares of CocaCola by 98.7% during the fourth quarter. Capital World Investors now owns 12,573,527 shares of the company’s stock worth $879,015,000 after acquiring an additional 6,246,627 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

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.