CocaCola (NYSE:KO) Stock Price Up 1% – Time to Buy?

CocaCola Company (The) (NYSE:KO)’s stock price traded up 1% during mid-day trading on Tuesday . The company traded as high as $81.32 and last traded at $80.36. 16,379,785 shares were traded during mid-day trading, a decline of 4% from the average session volume of 17,109,164 shares. The stock had previously closed at $79.53.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KO shares. Morgan Stanley set a $89.00 price objective on CocaCola in a research note on Wednesday, June 10th. Citigroup lifted their target price on CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Sanford C. Bernstein began coverage on shares of CocaCola in a report on Thursday, June 11th. They issued a “market perform” rating and a $84.00 target price for the company. UBS Group increased their price target on shares of CocaCola from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group raised their price target on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 16th. Fifteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.69.

CocaCola Stock Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The stock has a market cap of $346.08 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 3.21 and a beta of 0.35. The firm has a fifty day moving average price of $79.20 and a 200 day moving average price of $76.16.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The firm had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.24 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Research analysts forecast that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. CocaCola’s payout ratio is presently 66.67%.

Insider Activity

In other news, Chairman James Quincey sold 436,296 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the transaction, the chairman owned 122,833 shares in the company, valued at $9,842,608.29. This represents a 78.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 100,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the completion of the transaction, the executive vice president directly owned 181,384 shares of the company’s stock, valued at $14,412,772.64. The trade was a 35.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 899,905 shares of company stock worth $71,832,315 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CocaCola

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FAS Wealth Partners Inc. lifted its position in CocaCola by 3.7% during the 1st quarter. FAS Wealth Partners Inc. now owns 19,061 shares of the company’s stock worth $1,450,000 after acquiring an additional 677 shares during the period. Rathbones Group PLC increased its holdings in shares of CocaCola by 1.5% in the first quarter. Rathbones Group PLC now owns 6,012,230 shares of the company’s stock valued at $457,230,000 after purchasing an additional 86,475 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of CocaCola by 16.3% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,239 shares of the company’s stock valued at $855,000 after purchasing an additional 1,574 shares during the period. Pine Valley Investments Ltd Liability Co increased its holdings in shares of CocaCola by 1.8% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 41,097 shares of the company’s stock valued at $3,129,000 after purchasing an additional 716 shares during the period. Finally, Wealthquest Corp raised its stake in shares of CocaCola by 2.8% in the first quarter. Wealthquest Corp now owns 7,598 shares of the company’s stock worth $578,000 after purchasing an additional 206 shares during 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 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.