CocaCola Company (The) (KO) to Issue Quarterly Dividend of $0.53 on July 1st

CocaCola Company (The) (NYSE:KOGet Free Report) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, June 15th will be given a dividend of 0.53 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th.

CocaCola has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 64 years. CocaCola has a dividend payout ratio of 66.2% meaning its dividend is sufficiently covered by earnings. Analysts expect CocaCola to earn $3.48 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 60.9%.

CocaCola Trading Down 0.2%

Shares of NYSE:KO opened at $78.62 on Friday. The stock has a 50 day moving average of $77.12 and a 200 day moving average of $73.52. The company has a market cap of $338.40 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 3.19 and a beta of 0.35. CocaCola has a 12-month low of $65.35 and a 12-month high of $82.00. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 1.09.

CocaCola (NYSE:KOGet Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, equities research analysts expect that CocaCola will post 3.26 EPS for the current year.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Monica Howard Douglas sold 23,880 shares of CocaCola stock in a transaction that occurred 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 sale, the executive vice president owned 17,725 shares of the company’s stock, valued at $1,371,383.25. The trade was a 57.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bruno Pietracci sold 28,765 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total value of $2,284,228.65. The SEC filing for this sale provides additional information. Insiders have sold a total of 892,925 shares of company stock worth $70,254,796 over the last three months. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On CocaCola

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in shares of CocaCola by 38.1% in the fourth quarter. Farther Finance Advisors LLC now owns 111,598 shares of the company’s stock valued at $7,802,000 after acquiring an additional 30,786 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of CocaCola by 82.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock worth $3,296,000 after acquiring an additional 22,444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CocaCola by 2.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock worth $136,086,000 after purchasing an additional 57,407 shares during the period. Nicola Wealth Management LTD. grew its holdings in CocaCola by 42.3% during the 3rd quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in CocaCola by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock valued at $690,311,000 after purchasing an additional 198,886 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

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.

Further Reading

Dividend History for CocaCola (NYSE:KO)

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