CocaCola (NYSE:KO) Trading Down 1% – Time to Sell?

CocaCola Company (The) (NYSE:KO) shares were down 1% during mid-day trading on Monday . The company traded as low as $87.12 and last traded at $87.33. Approximately 17,600,129 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 16,964,799 shares. The stock had previously closed at $88.25.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KO shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $93.00 price target on shares of CocaCola in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on CocaCola from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Evercore reaffirmed an “outperform” rating and set a $100.00 price objective on shares of CocaCola in a research report on Tuesday, July 28th. HSBC lowered shares of CocaCola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada boosted their price objective on CocaCola from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, CocaCola has an average rating of “Moderate Buy” and an average price target of $95.76.

CocaCola Trading Down 0.6%

The company has a market cap of $379.04 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.39 and a beta of 0.34. The business has a fifty day simple moving average of $87.33 and a 200 day simple moving average of $81.90. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $13.17 billion. During the same quarter last year, the firm posted $0.87 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities analysts anticipate that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 annualized dividend and a yield of 2.4%. CocaCola’s dividend payout ratio is 63.66%.

Insider Transactions at CocaCola

In other CocaCola news, insider Sanket Ray sold 9,958 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $86.50, for a total transaction of $861,367.00. Following the completion of the transaction, the insider owned 62,105 shares of the company’s stock, valued at approximately $5,372,082.50. This trade represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bruno Pietracci sold 111,365 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $90.93, for a total transaction of $10,126,419.45. Following the completion of the transaction, the insider directly owned 41,365 shares of the company’s stock, valued at $3,761,319.45. The trade was a 72.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 926,620 shares of company stock worth $83,075,714 in the last 90 days. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in CocaCola by 1.2% during the fourth quarter. State Street Corp now owns 167,850,330 shares of the company’s stock worth $11,734,417,000 after purchasing an additional 1,992,327 shares during the period. Geode Capital Management LLC increased its stake in CocaCola by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company’s stock worth $6,273,037,000 after buying an additional 433,547 shares during the period. Norges Bank purchased a new stake in shares of CocaCola during the fourth quarter worth about $3,865,807,000. Bank of America Corp DE raised its position in shares of CocaCola by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 45,958,636 shares of the company’s stock valued at $3,735,058,000 after purchasing an additional 1,939,673 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in CocaCola by 3.1% in the fourth quarter. Franklin Resources Inc. now owns 40,289,857 shares of the company’s stock valued at $2,816,697,000 after acquiring an additional 1,195,581 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Company Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company best known for its Coca-Cola soft drink, which was first introduced in 1886. The company was incorporated in 1892 and has grown into one of the world’s largest beverage businesses.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, along with water, sports drinks, coffee, tea, juice and dairy-based beverages. Other brands associated with the company include Dasani, smartwater, Powerade, Minute Maid, Simply, Costa Coffee, fairlife and Topo Chico.

The Coca-Cola Company primarily develops, owns and markets beverage brands, while relying on a global network of independent bottling partners and distributors to manufacture, package and deliver many of its products.