CocaCola (NYSE:KO) Stock Price Down 1.7% – Here’s What Happened

CocaCola Company (The) (NYSE:KO)’s stock price dropped 1.7% during mid-day trading on Tuesday . The company traded as low as $75.63 and last traded at $75.8990. Approximately 12,385,801 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 18,198,625 shares. The stock had previously closed at $77.22.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research analyst reports. Truist Financial set a $85.00 price target on CocaCola in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research note on Thursday, January 22nd. Barclays lifted their price target on CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Wells Fargo & Company lifted their price target on CocaCola from $79.00 to $87.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, Evercore reaffirmed an “outperform” rating and issued a $85.00 price target on shares of CocaCola in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat, CocaCola currently has an average rating of “Buy” and a consensus price target of $85.00.

CocaCola Price Performance

The stock has a 50 day simple moving average of $77.39 and a two-hundred day simple moving average of $72.34. The company has a market cap of $326.68 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 3.24 and a beta of 0.36. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.8%. This is an increase from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, March 13th. CocaCola’s dividend payout ratio is presently 69.74%.

Insider Activity at CocaCola

In other news, EVP Monica Howard Douglas sold 23,880 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $77.37, for a total value of $1,847,595.60. Following the transaction, the executive vice president owned 17,725 shares of the company’s stock, valued at $1,371,383.25. This represents a 57.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruno Pietracci sold 28,765 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total value of $2,284,228.65. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 892,925 shares of company stock valued at $70,254,796 in the last three months. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On CocaCola

Large investors have recently modified their holdings of the business. Anfield Capital Management LLC lifted its stake in shares of CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after purchasing an additional 294 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of CocaCola in the 2nd quarter valued at $26,000. Marquette Asset Management LLC acquired a new position in shares of CocaCola in the 3rd quarter valued at $27,000. Cloud Capital Management LLC acquired a new position in shares of CocaCola in the 3rd quarter valued at $27,000. Finally, Evolution Wealth Management Inc. lifted its stake in shares of CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after purchasing an additional 357 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

About CocaCola

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.