Coca-Cola (NYSE:KO) Trading 0.1% Higher

The Coca-Cola Company (NYSE:KO)’s share price traded up 0.1% on Friday . The stock traded as high as $64.06 and last traded at $63.97. 1,722,458 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 12,997,706 shares. The stock had previously closed at $63.91.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. BNP Paribas assumed coverage on shares of Coca-Cola in a research note on Monday, June 24th. They issued an “outperform” rating and a $72.00 price target for the company. Morgan Stanley increased their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, June 10th. Argus increased their price target on shares of 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 increased their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.83.

Coca-Cola Price Performance

The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The company has a market cap of $274.20 billion, a PE ratio of 25.46, a PEG ratio of 3.61 and a beta of 0.59. The company’s 50-day simple moving average is $62.72 and its 200 day simple moving average is $60.78.

Coca-Cola (NYSE:KO) last issued 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 company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter last year, the company posted $0.68 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.05%. Coca-Cola’s dividend payout ratio is presently 77.60%.

Insider Buying and Selling at Coca-Cola

In other news, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares in the company, valued at approximately $10,358,962.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Nikolaos Koumettis sold 80,891 shares of the firm’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 sale, the insider now directly owns 218,880 shares in the company, valued at approximately $13,644,979.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the sale, the executive vice president now owns 167,107 shares in the company, valued at $10,358,962.93. The disclosure for this sale can be found here. Insiders sold 223,665 shares of company stock valued at $13,995,465 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On Coca-Cola

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

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.