CocaCola (NYSE:KO) Trading 2.1% Higher – Here’s What Happened

Shares of CocaCola Company (The) (NYSE:KO) shot up 2.1% on Tuesday . The company traded as high as $88.96 and last traded at $88.8150. 12,492,589 shares changed hands during trading, a decline of 27% from the average session volume of 17,173,025 shares. The stock had previously closed at $86.98.

Analyst Ratings Changes

KO has been the subject of several recent research reports. Truist Financial set a $88.00 price target on CocaCola in a report on Friday, June 26th. Barclays lifted their price objective on CocaCola from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. UBS Group set a $104.00 price objective on CocaCola and gave the company a “buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada upped their target price on CocaCola from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Seaport Research Partners set a $95.00 target price on CocaCola in a research report on Friday, August 14th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

CocaCola Stock Performance

The company has a market capitalization of $391.86 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 3.10 and a beta of 0.33. The firm has a 50 day moving average price of $83.95 and a two-hundred day moving average price of $80.19. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30.

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

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 15th. CocaCola’s dividend payout ratio is currently 63.66%.

Insider Activity at CocaCola

In related news, EVP Jennifer K. Mann sold 100,000 shares of the stock in a transaction dated 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 sale, the executive vice president owned 181,384 shares in the company, valued at $14,412,772.64. This trade represents a 35.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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, insider Sanket Ray sold 9,958 shares of CocaCola stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $86.50, for a total transaction of $861,367.00. Following the transaction, the insider directly owned 62,105 shares of the company’s stock, valued at $5,372,082.50. This represents a 13.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,433,535 shares of company stock valued at $121,922,698. Insiders own 0.90% of the company’s stock.

Institutional Trading of CocaCola

Hedge funds have recently modified their holdings of the company. Eurizon SLJ Capital Ltd acquired a new position in shares of CocaCola during the fourth quarter valued at $552,000. King Luther Capital Management Corp raised its holdings in CocaCola by 0.8% during the 4th quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company’s stock worth $269,330,000 after purchasing an additional 31,694 shares during the last quarter. Cibc World Market Inc. lifted its position in CocaCola by 4.8% during the 4th quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company’s stock valued at $123,010,000 after purchasing an additional 79,946 shares during the period. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of CocaCola in the 4th quarter valued at about $1,544,000. Finally, DB&C Advisors LLC bought a new stake in shares of CocaCola during the 4th quarter valued at $878,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

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.