Brokerages Set CocaCola Company (The) (NYSE:KO) Price Target at $77.21

Shares of CocaCola Company (The) (NYSE:KO) have been assigned a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Fourteen analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $76.9286.

KO has been the subject of several research analyst reports. BNP Paribas reiterated an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. UBS Group reduced their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. JPMorgan Chase & Co. upped their price target on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CocaCola

Large investors have recently bought and sold shares of the company. NWF Advisory Services Inc. raised its stake in shares of CocaCola by 10.8% during the 2nd quarter. NWF Advisory Services Inc. now owns 43,733 shares of the company’s stock worth $3,094,000 after purchasing an additional 4,261 shares in the last quarter. V. M. Manning & CO. Inc. bought a new stake in shares of CocaCola during the 2nd quarter worth approximately $492,000. Osaic Holdings Inc. raised its stake in shares of CocaCola by 31.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,447,781 shares of the company’s stock worth $102,632,000 after purchasing an additional 345,400 shares in the last quarter. Stonebridge Wealth Management LLC bought a new stake in shares of CocaCola during the 2nd quarter worth approximately $233,000. Finally, Orion Porfolio Solutions LLC raised its stake in shares of CocaCola by 7.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 293,119 shares of the company’s stock worth $20,738,000 after purchasing an additional 19,192 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Price Performance

Shares of KO opened at $66.22 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The stock has a 50 day simple moving average of $69.20 and a 200 day simple moving average of $70.33. CocaCola has a 52-week low of $60.62 and a 52-week high of $74.38. The firm has a market capitalization of $284.99 billion, a PE ratio of 23.48, a P/E/G ratio of 3.49 and a beta of 0.43.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period in the previous year, the firm earned $0.84 EPS. CocaCola’s quarterly revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts predict that CocaCola will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola’s dividend payout ratio is 72.34%.

CocaCola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.