Coca-Cola (NYSE:KO) Stock Price Up 0% - Time to Buy?

Shares of The Coca-Cola Company (NYSE:KO - Get Free Report) were up 0% on Friday . The stock traded as high as $62.65 and last traded at $62.46. Approximately 5,828,271 shares were traded during trading, a decline of 58% from the average daily volume of 13,949,146 shares. The stock had previously closed at $62.45.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KO shares. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a "hold" rating to a "buy" rating and boosted their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Truist Financial upped their price target on Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Barclays dropped their price objective on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Cfra reissued a "hold" rating on shares of Coca-Cola in a research note on Thursday, September 5th. Finally, Morgan Stanley dropped their target price on Coca-Cola from $78.00 to $76.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $72.50.

Coca-Cola Price Performance

The firm has a market capitalization of $269.45 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 3.81 and a beta of 0.61. The stock's fifty day moving average price is $64.76 and its two-hundred day moving average price is $66.60. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.03. The company had revenue of $11.85 billion for the quarter, compared to analysts' expectations of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Coca-Cola's quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. Equities research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Friday, November 29th. Coca-Cola's dividend payout ratio (DPR) is 80.17%.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the sale, the chief executive officer now owns 342,546 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 0.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coca-Cola

Hedge funds have recently made changes to their positions in the business. FMR LLC boosted its holdings in shares of Coca-Cola by 13.7% in the third quarter. FMR LLC now owns 92,961,376 shares of the company's stock valued at $6,680,205,000 after acquiring an additional 11,206,995 shares in the last quarter. Wellington Management Group LLP lifted its position in Coca-Cola by 14.5% in the third quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock valued at $2,271,885,000 after purchasing an additional 4,013,996 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Coca-Cola in the 3rd quarter valued at approximately $269,382,000. Geode Capital Management LLC increased its position in Coca-Cola by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock worth $6,664,005,000 after purchasing an additional 2,966,964 shares during the period. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of Coca-Cola by 7,006.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company's stock valued at $178,104,000 after buying an additional 2,443,612 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

About Coca-Cola

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.