Coca-Cola (NYSE:KO) Stock Price Up 0.8% - Should You Buy?

The Coca-Cola Company (NYSE:KO - Get Free Report)'s share price shot up 0.8% during trading on Thursday . The company traded as high as $71.54 and last traded at $71.40. 4,140,904 shares were traded during trading, a decline of 75% from the average session volume of 16,692,072 shares. The stock had previously closed at $70.80.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Evercore ISI boosted their price target on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and increased their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, UBS Group boosted their price target on Coca-Cola from $72.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $73.82.

Coca-Cola Stock Up 0.2 %

The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The firm has a 50 day moving average of $64.19 and a 200-day moving average of $66.47. The stock has a market capitalization of $305.06 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. On average, equities research analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's payout ratio is presently 82.59%.

Insider Activity at Coca-Cola

In related news, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the sale, the insider now directly owns 246,909 shares of the company's stock, valued at $17,520,662.64. The trade was a 18.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Insiders have sold a total of 232,646 shares of company stock worth $16,515,469 over the last 90 days. Insiders own 0.97% of the company's stock.

Institutional Investors Weigh In On Coca-Cola

Large investors have recently made changes to their positions in the stock. FMR LLC grew its stake in 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 purchasing an additional 11,206,995 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Coca-Cola by 3.3% in the third quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock valued at $6,664,005,000 after purchasing an additional 2,966,964 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Coca-Cola by 18.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock worth $4,617,400,000 after acquiring an additional 11,569,920 shares during the last quarter. Norges Bank bought a new stake in shares of Coca-Cola during the fourth quarter worth approximately $3,402,151,000. Finally, Northern Trust Corp grew its position in shares of Coca-Cola by 9.5% in the fourth quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock valued at $2,727,131,000 after purchasing an additional 3,811,756 shares during the last quarter. Institutional investors own 70.26% 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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