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

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Argus boosted their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. UBS Group increased their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. BNP Paribas initiated coverage on Coca-Cola in a research report on Monday, June 24th. They issued an “outperform” rating and a $72.00 price target for the company. Morgan Stanley increased their price objective 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. Finally, Evercore ISI boosted their price target on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.83.

Coca-Cola Price Performance

The firm has a 50 day moving average price of $62.82 and a 200 day moving average price of $60.85. The stock has a market capitalization of $272.82 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. 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 quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. Research analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.06%. 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

In other 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 owns 218,880 shares of the company’s stock, valued at $13,644,979.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, 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 value of $5,042,744.94. Following the completion of the sale, the insider now directly owns 218,880 shares in the company, valued at $13,644,979.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Nancy Quan sold 19,304 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $14,168,055.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,665 shares of company stock valued at $13,995,465. Corporate insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On Coca-Cola

Large investors have recently added to or reduced their stakes in the stock. Enterprise Bank & Trust Co increased its holdings in Coca-Cola by 3.4% during the 4th quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock worth $296,000 after purchasing an additional 167 shares during the period. Community Bank & Trust Waco Texas increased its position in Coca-Cola by 0.6% during the 1st quarter. Community Bank & Trust Waco Texas now owns 30,262 shares of the company’s stock valued at $1,851,000 after purchasing an additional 168 shares during the period. Goelzer Investment Management Inc. increased its position in Coca-Cola by 1.8% during the 4th quarter. Goelzer Investment Management Inc. now owns 9,681 shares of the company’s stock valued at $571,000 after purchasing an additional 169 shares during the period. Elk River Wealth Management LLC raised its holdings in shares of Coca-Cola by 1.6% in the 4th quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock valued at $639,000 after purchasing an additional 170 shares in the last quarter. Finally, KRS Capital Management LLC lifted its position in shares of Coca-Cola by 3.8% in the 4th quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock worth $274,000 after purchasing an additional 170 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

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.