Coca-Cola (NYSE:KO) Price Target Raised to $89.00

Coca-Cola (NYSE:KO) had its target price upped by Freedom Broker from $85.00 to $89.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

KO has been the topic of several other research reports. Seaport Research Partners set a $95.00 price target on Coca-Cola in a research note on Friday, August 14th. Evercore reissued an “outperform” rating and issued a $100.00 price objective (up from $88.00) on shares of Coca-Cola in a research note on Tuesday, July 28th. Weiss Ratings downgraded Coca-Cola from a “buy (a+)” rating to a “buy (a)” rating in a report on Friday, October 23rd. Jefferies Financial Group boosted their price target on Coca-Cola from $95.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $93.00 price target (up from $83.00) on shares of Coca-Cola in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.26.

Coca-Cola Trading Up 1.4%

NYSE KO opened at $94.11 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.38 and a debt-to-equity ratio of 0.93. The firm has a market cap of $404.91 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 3.62 and a beta of 0.32. The company has a 50 day moving average price of $89.47 and a 200 day moving average price of $82.07. Coca-Cola has a 52 week low of $67.27 and a 52 week high of $95.37.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $13.35 billion during the quarter, compared to analyst estimates of $12.92 billion. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. Coca-Cola’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.82 EPS. As a group, sell-side analysts forecast that Coca-Cola will post 3.34 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.3%. Coca-Cola’s payout ratio is 62.35%.

Insider Activity at Coca-Cola

In other news, insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the transaction, the insider owned 41,365 shares in the company, valued at $3,761,319.45. This represents a 72.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 50,000 shares of Coca-Cola stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total value of $4,519,500.00. Following the completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at $20,186,798.70. This represents a 18.29% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 171,323 shares of company stock worth $15,507,286 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Coca-Cola

Institutional investors have recently added to or reduced their stakes in the company. Banco Santander S.A. lifted its holdings in Coca-Cola by 3.1% during the 2nd quarter. Banco Santander S.A. now owns 1,090,758 shares of the company’s stock valued at $88,646,000 after purchasing an additional 32,723 shares during the last quarter. CX Institutional boosted its position in shares of Coca-Cola by 402.3% during the 3rd quarter. CX Institutional now owns 163,248 shares of the company’s stock worth $14,052,000 after acquiring an additional 130,746 shares in the last quarter. Daymark Wealth Partners LLC increased its stake in shares of Coca-Cola by 68.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 218,199 shares of the company’s stock valued at $17,733,000 after purchasing an additional 88,690 shares during the last quarter. Moore Capital Management LP bought a new position in Coca-Cola in the second quarter valued at about $12,905,000. Finally, Cidel Asset Management Inc. increased its holdings in shares of Coca-Cola by 2,091.3% during the second quarter. Cidel Asset Management Inc. now owns 361,934 shares of the company’s stock worth $29,414,000 after buying an additional 345,417 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

More Coca-Cola News

Here are the key news stories impacting Coca-Cola this week:

• Positive Sentiment: Better-than-expected earnings and higher guidance: Coca-Cola’s third-quarter results exceeded Wall Street expectations, supported by 5% unit case-volume growth, consumer recruitment, affordability initiatives, and disciplined execution. Management now expects comparable EPS to increase at least 11% in 2026. Coca-Cola’s Q3 earnings call: our top 5 analyst questions
• Positive Sentiment: Analyst optimism is reinforcing the rally: TD Cowen, JPMorgan, Citigroup, and Freedom Broker all recently raised their Coca-Cola price targets or indicated potential appreciation. Jim Cramer also recommended buying KO after the earnings beat. Coca-Cola stock gets price target boost from JPMorgan Chase
• Positive Sentiment: Defensive dividend appeal: Coca-Cola continues to be highlighted as a dependable “Dividend King,” with a long record of annual payout increases and strong brand durability—features attracting income investors amid broader market uncertainty. No Tricks, Just Treats: 3 Dividend Stocks With Payouts You Can Trust
• Positive Sentiment: Long-term emerging-market opportunity: Coca-Cola’s distribution network and local brands provide room for growth in developing markets, where a large share of beverage purchases remains untapped. The company is also considering a 2027 IPO for its Indian bottling arm, potentially creating capital and valuation benefits. Too Late to Buy Coca-Cola? 1 Reason It Isn’t.

Coca-Cola Company Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.

The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.

The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.