Coca-Cola (NYSE:KO) Stock Price Down 0.1%

Shares of The Coca-Cola Company (NYSE:KO) dropped 0.1% on Friday . The company traded as low as $61.35 and last traded at $61.68. Approximately 2,460,210 shares changed hands during trading, a decline of 82% from the average daily volume of 13,887,213 shares. The stock had previously closed at $61.74.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. Barclays raised their price target on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, April 12th. JPMorgan Chase & Co. dropped their price target on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Finally, Citigroup raised their price target on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $67.22.

Coca-Cola Price Performance

The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a market capitalization of $266.17 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 3.52 and a beta of 0.59. The company has a 50-day moving average price of $60.07 and a 200-day moving average price of $58.76.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. On average, sell-side analysts predict that The Coca-Cola Company will post 2.81 earnings per share for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is presently 78.23%.

Insider Buying and Selling

In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the sale, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The disclosure for this sale can be found here. In the last quarter, insiders have sold 375,407 shares of company stock valued at $22,795,742. 0.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coca-Cola

A number of hedge funds and other institutional investors have recently bought and sold shares of KO. CX Institutional grew its holdings in Coca-Cola by 107.9% during the third quarter. CX Institutional now owns 90,508 shares of the company’s stock worth $5,067,000 after purchasing an additional 46,980 shares during the period. Advisory Alpha LLC boosted its holdings in shares of Coca-Cola by 9.0% during the third quarter. Advisory Alpha LLC now owns 8,881 shares of the company’s stock worth $497,000 after acquiring an additional 731 shares during the period. WASHINGTON TRUST Co boosted its holdings in shares of Coca-Cola by 1.8% during the third quarter. WASHINGTON TRUST Co now owns 29,697 shares of the company’s stock worth $1,662,000 after acquiring an additional 522 shares during the period. Stewart & Patten Co. LLC boosted its holdings in shares of Coca-Cola by 0.9% during the third quarter. Stewart & Patten Co. LLC now owns 377,301 shares of the company’s stock worth $21,121,000 after acquiring an additional 3,438 shares during the period. Finally, L. Roy Papp & Associates LLP boosted its holdings in shares of Coca-Cola by 2.9% during the third quarter. L. Roy Papp & Associates LLP now owns 33,533 shares of the company’s stock worth $1,877,000 after acquiring an additional 955 shares during the period. 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.