Coca-Cola (NYSE:KO) Stock Price Up 1.5% - What's Next?

The Coca-Cola Company (NYSE:KO - Get Free Report) traded up 1.5% during trading on Tuesday . The company traded as high as $63.55 and last traded at $63.50. 3,124,887 shares were traded during mid-day trading, a decline of 77% from the average session volume of 13,846,980 shares. The stock had previously closed at $62.55.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Morgan Stanley decreased 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. Hsbc Global Res raised Coca-Cola to a "strong-buy" rating in a research report on Friday, September 27th. Truist Financial increased their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a "hold" rating to a "buy" rating and lifted their target price for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $72.50.

Coca-Cola Stock Up 1.4 %

The firm has a fifty day moving average price of $65.17 and a 200 day moving average price of $66.65. The firm has a market capitalization of $273.29 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 3.81 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Coca-Cola (NYSE:KO - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The business's revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, November 29th. Coca-Cola's dividend payout ratio (DPR) is 80.17%.

Insider Activity 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 completion of the transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coca-Cola

Several hedge funds have recently bought and sold shares of KO. New Millennium Group LLC acquired a new position in shares of Coca-Cola during the 2nd quarter valued at about $26,000. Quarry LP purchased a new position in Coca-Cola during the second quarter worth approximately $27,000. Hara Capital LLC acquired a new position in shares of Coca-Cola in the 3rd quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Coca-Cola during the 3rd quarter worth $36,000. Finally, Mount Lucas Management LP purchased a new position in shares of Coca-Cola in the 2nd quarter worth about $38,000. Hedge funds and other institutional investors 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.