Analysts Set The Coca-Cola Company (NYSE:KO) Target Price at $71.07

The Coca-Cola Company (NYSE:KO) has received an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $71.07.

A number of brokerages recently weighed in on KO. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Truist Financial upped their price target on Coca-Cola from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Royal Bank of Canada upped their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Citigroup raised their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th.

Insiders Place Their Bets

In other news, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now owns 223,330 shares in the company, valued at $15,968,095. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Cola Co Coca sold 598,619 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the sale, the insider now directly owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The disclosure for this sale can be found here. Insiders sold a total of 974,715 shares of company stock valued at $579,704,927 over the last ninety days. 0.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mattson Financial Services LLC bought a new position in shares of Coca-Cola during the second quarter valued at about $2,636,000. Ashburton Jersey Ltd bought a new position in Coca-Cola during the second quarter worth about $828,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Coca-Cola by 84.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,007,300 shares of the company’s stock valued at $64,115,000 after buying an additional 460,453 shares in the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group raised its stake in shares of Coca-Cola by 0.8% during the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 21,633 shares of the company’s stock valued at $1,377,000 after purchasing an additional 162 shares during the period. Finally, American Trust increased its position in shares of Coca-Cola by 15.5% during the second quarter. American Trust now owns 15,802 shares of the company’s stock valued at $1,006,000 after buying an additional 2,119 shares during the period. 70.26% of the stock is owned by institutional investors.

Coca-Cola Trading Up 0.1 %

Shares of KO stock opened at $71.86 on Tuesday. Coca-Cola has a twelve month low of $51.55 and a twelve month high of $73.53. The company has a market capitalization of $309.57 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 3.97 and a beta of 0.60. The firm has a 50-day moving average price of $69.96 and a 200 day moving average price of $64.85. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. Research analysts forecast that Coca-Cola will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.70%. Coca-Cola’s payout ratio is 77.60%.

Coca-Cola Company Profile

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.