Coca-Cola (KO) Projected to Post Earnings on Tuesday

Coca-Cola (NYSE:KO - Get Free Report) is projected to announce its earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $10.70 billion for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Coca-Cola Stock Down 0.2 %

NYSE KO opened at $63.36 on Tuesday. Coca-Cola has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The business has a fifty day moving average price of $62.65 and a two-hundred day moving average price of $66.39. The stock has a market capitalization of $272.95 billion, a PE ratio of 26.18, a PEG ratio of 3.56 and a beta of 0.61.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KO. Piper Sandler cut their target price on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their target price on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Barclays decreased their target price on shares of Coca-Cola from $73.00 to $66.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. decreased their price target on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Finally, Truist Financial boosted their price target on Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coca-Cola currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.13.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the transaction, the chief executive officer now owns 342,546 shares of the company's stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.97% of the company's stock.

Coca-Cola 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.

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