CocaCola (NYSE:KO) Price Target Raised to $86.00

CocaCola (NYSE:KOFree Report) had its target price increased by Deutsche Bank Aktiengesellschaft from $83.00 to $86.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

KO has been the subject of several other reports. Barclays upped their price objective on CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Evercore reiterated an “outperform” rating and set a $85.00 target price on shares of CocaCola in a research report on Wednesday, February 11th. TD Cowen reissued a “buy” rating on shares of CocaCola in a report on Wednesday, February 11th. Royal Bank Of Canada set a $87.00 price target on CocaCola in a research report on Wednesday, February 11th. Finally, Morgan Stanley set a $88.00 price objective on CocaCola in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and a consensus price target of $84.80.

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CocaCola Stock Performance

Shares of NYSE KO opened at $76.17 on Monday. The firm has a 50 day moving average of $77.12 and a 200 day moving average of $72.08. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $327.84 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 3.21 and a beta of 0.36. CocaCola has a 12-month low of $65.35 and a 12-month high of $82.00.

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

CocaCola Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were issued a dividend of $0.53 per share. This is an increase from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a yield of 2.8%. CocaCola’s payout ratio is 69.74%.

Insider Activity

In related news, EVP Nancy Quan sold 23,556 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the completion of the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $17,754,735. This trade represents a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Quincey sold 250,688 shares of CocaCola stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.14, for a total transaction of $19,839,448.32. Following the completion of the sale, the chief executive officer owned 278,155 shares in the company, valued at approximately $22,013,186.70. This represents a 47.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 892,925 shares of company stock valued at $70,254,796. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Anfield Capital Management LLC lifted its position in shares of CocaCola by 438.8% in the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after buying an additional 294 shares in the last quarter. Headlands Technologies LLC bought a new position in CocaCola during the second quarter valued at approximately $26,000. Marquette Asset Management LLC purchased a new position in CocaCola during the 3rd quarter valued at approximately $27,000. Cloud Capital Management LLC purchased a new position in CocaCola during the 3rd quarter valued at approximately $27,000. Finally, Evolution Wealth Management Inc. increased its stake in CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after acquiring an additional 357 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

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About CocaCola

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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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Analyst Recommendations for CocaCola (NYSE:KO)

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