CocaCola (NYSE:KO) Shares Up 1% – Should You Buy?

Shares of CocaCola Company (The) (NYSE:KOGet Free Report) rose 1% during mid-day trading on Monday . The company traded as high as $78.07 and last traded at $77.8470. Approximately 18,119,124 shares were traded during trading, a decline of 6% from the average daily volume of 19,330,848 shares. The stock had previously closed at $77.04.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. TD Cowen reaffirmed a “buy” rating on shares of CocaCola in a report on Wednesday, February 11th. Citigroup lifted their price target on shares of CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada set a $87.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $84.33.

Read Our Latest Research Report on KO

CocaCola Stock Performance

The stock has a 50 day moving average price of $74.86 and a two-hundred day moving average price of $71.12. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. The company has a market capitalization of $334.80 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 3.23 and a beta of 0.35.

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

CocaCola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. This is an increase from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, March 13th. CocaCola’s payout ratio is currently 67.11%.

Insiders Place Their Bets

In other news, EVP Beatriz R. Perez sold 21,326 shares of CocaCola stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $80.75, for a total value of $1,722,074.50. Following the completion of the sale, the executive vice president directly owned 173,728 shares of the company’s stock, valued at approximately $14,028,536. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 869,045 shares of company stock valued at $68,407,201 over the last quarter. Company insiders own 0.90% of the company’s stock.

Institutional Trading of CocaCola

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Auto Owners Insurance Co lifted its holdings in CocaCola by 10,842.4% in the fourth quarter. Auto Owners Insurance Co now owns 4,781,844 shares of the company’s stock valued at $33,430,000 after buying an additional 4,738,144 shares during the period. Union Savings Bank acquired a new stake in CocaCola during the 4th quarter worth $530,000. Cedarwood Wealth LLC acquired a new stake in CocaCola during the 4th quarter worth $275,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of CocaCola during the 4th quarter valued at $45,000. Finally, Worthington Financial Partners LLC acquired a new position in shares of CocaCola in the 4th quarter valued at $474,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

About CocaCola

(Get Free Report)

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.

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