Coca-Cola (NYSE:KO) Stock Price Down 0.3%

The Coca-Cola Company (NYSE:KO)’s stock price traded down 0.3% during trading on Tuesday . The stock traded as low as $63.62 and last traded at $63.80. 1,527,556 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 13,085,301 shares. The stock had previously closed at $63.97.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays upped their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Morgan Stanley upped their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. UBS Group upped their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Evercore ISI upped their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, BNP Paribas assumed coverage on shares of Coca-Cola in a research report on Monday. They issued an “outperform” rating and a $72.00 target price for the company. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

Coca-Cola Stock Up 0.3 %

The firm has a market cap of $275.92 billion, a P/E ratio of 25.62, a P/E/G ratio of 3.61 and a beta of 0.59. The business’s fifty day moving average price is $62.44 and its two-hundred day moving average price is $60.69. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same period last year, the business posted $0.68 EPS. Coca-Cola’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.485 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.03%. Coca-Cola’s payout ratio is presently 77.60%.

Insider Activity at Coca-Cola

In related news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total value of $1,224,645.76. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $14,168,055.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total value of $1,224,645.76. Following the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $14,168,055.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the sale, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,665 shares of company stock worth $13,995,465. 0.97% of the stock is owned by insiders.

Institutional Trading of Coca-Cola

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ZRC Wealth Management LLC boosted its position 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 valued at $26,000 after acquiring an additional 320 shares in the last quarter. Tidemark LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at about $27,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Coca-Cola during the 1st quarter valued at about $28,000. Finally, ESL Trust Services LLC acquired a new stake in shares of Coca-Cola during the 1st quarter valued at about $28,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

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.