Coca-Cola (NYSE:KO) Trading Down 0.2%

Shares of The Coca-Cola Company (NYSE:KO) traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $62.85 and last traded at $63.16. 1,364,983 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 13,007,891 shares. The stock had previously closed at $63.28.

Analysts Set New Price Targets

KO has been the subject of a number of analyst reports. Barclays boosted their price objective on Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. increased their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Evercore ISI lifted their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Argus raised their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Finally, UBS Group lifted their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $68.83.

Coca-Cola Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The firm has a 50-day simple moving average of $62.72 and a 200 day simple moving average of $60.78. The company has a market cap of $270.97 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The firm had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. Coca-Cola’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts predict that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $62.34, for a total value of $5,042,744.94. Following the transaction, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the completion of the sale, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 80,891 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total value of $5,042,744.94. Following the transaction, the insider now directly owns 218,880 shares in the company, valued at approximately $13,644,979.20. The disclosure for this sale can be found here. Insiders sold a total of 223,665 shares of company stock valued at $13,995,465 in the last ninety days. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On Coca-Cola

Several institutional investors have recently made changes to their positions in KO. ZRC Wealth Management LLC raised its stake in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the last quarter. Tidemark LLC purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $26,000. Private Wealth Management Group LLC purchased a new position in shares of Coca-Cola during the 4th quarter worth approximately $27,000. Redmont Wealth Advisors LLC acquired a new position in shares of Coca-Cola during the 1st quarter worth approximately $28,000. Finally, ESL Trust Services LLC purchased a new position in Coca-Cola during the first quarter worth $28,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

About Coca-Cola

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.