CocaCola (NYSE:KO) Stock Price Down 1.3% – Here’s Why

CocaCola Company (The) (NYSE:KO) traded down 1.3% on Tuesday . The company traded as low as $83.08 and last traded at $83.1530. 12,637,888 shares were traded during mid-day trading, a decline of 27% from the average session volume of 17,301,115 shares. The stock had previously closed at $84.25.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola advanced a major Africa bottling deal after receiving South African approval backing for a 75% stake transaction, a development that could strengthen its distribution footprint and improve long-term control in a key growth market. Coca-Cola (KO) Advances 75% Africa Bottler Deal After South African Approval Backing
• Positive Sentiment: The company announced a quarterly dividend of $0.53 per share, reinforcing KO’s reputation as a reliable income stock and supporting demand from dividend-focused investors. Coca-Cola (NYSE:KO) Advances Major Africa Bottling Deal
• Positive Sentiment: Articles highlighted Coca-Cola’s expansion beyond soft drinks and its World Cup-related packaging strategy, which suggests management is pushing into adjacent categories and using major global events to boost brand reach. Coca-Cola (KO) Unveils a World Cup Strategy That Goes Beyond the Beverage
• Positive Sentiment: Several market commentaries remained bullish, noting KO’s strong brand, consistent dividend increases, and recent outperformance versus the broader market, which can keep sentiment constructive. Here’s What I Think Is Going On With Coca-Cola Stock

Analyst Ratings Changes

KO has been the topic of a number of analyst reports. Bank of America lifted their price objective on shares of CocaCola from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wells Fargo & Company raised their price target on shares of CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Barclays lifted their price target on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Truist Financial set a $88.00 price objective on shares of CocaCola in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised their target price on CocaCola from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Fifteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.44.

CocaCola Trading Up 2.5%

The firm has a market cap of $363.66 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 3.32 and a beta of 0.34. The business’s 50 day moving average is $81.06 and its 200-day moving average is $77.50. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09.

CocaCola (NYSE:KO) last announced its quarterly earnings data 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. The company had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, analysts forecast that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s payout ratio is currently 66.67%.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the sale, the executive vice president owned 223,330 shares in the company, valued at $18,074,096.90. This represents a 12.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 23,984 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total value of $2,000,505.44. Following the transaction, the executive vice president directly owned 157,400 shares in the company, valued at approximately $13,128,734. This represents a 13.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 899,905 shares of company stock worth $71,832,315 over the last quarter. 0.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CocaCola

Hedge funds have recently added to or reduced their stakes in the business. Everpar Advisors LLC grew its holdings in CocaCola by 0.9% during the 2nd quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock worth $1,179,000 after acquiring an additional 125 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of CocaCola by 0.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company’s stock valued at $3,109,000 after purchasing an additional 129 shares during the period. HORAN Wealth LLC lifted its stake in shares of CocaCola by 3.9% in the 1st quarter. HORAN Wealth LLC now owns 3,458 shares of the company’s stock valued at $263,000 after purchasing an additional 130 shares during the period. Wills Financial Group LLC boosted its position in shares of CocaCola by 1.3% in the 1st quarter. Wills Financial Group LLC now owns 10,170 shares of the company’s stock worth $816,000 after purchasing an additional 133 shares during the last quarter. Finally, Beacon Financial Advisory LLC boosted its position in shares of CocaCola by 0.5% in the 1st quarter. Beacon Financial Advisory LLC now owns 26,844 shares of the company’s stock worth $2,041,000 after purchasing an additional 136 shares during the last quarter. 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.