Coca-Cola (KO) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coca-Cola in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KO shares.
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13 brokers have issued 1 year price targets for Coca-Cola's shares. Their KO share price forecasts range from $59.00 to $74.00. On average, they anticipate the company's share price to reach $68.33 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price.
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Coca-Cola's stock was trading at $63.61 at the beginning of 2023. Since then, KO stock has decreased by 4.0% and is now trading at $61.06.
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Coca-Cola saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 23,060,000 shares, an increase of 19.2% from the June 30th total of 19,340,000 shares. Based on an average daily trading volume, of 13,850,000 shares, the short-interest ratio is currently 1.7 days. Currently, 0.5% of the company's shares are sold short.
View Coca-Cola's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our KO earnings forecast.

The Coca-Cola Company (NYSE:KO) released its quarterly earnings data on Wednesday, July, 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm earned $12 billion during the quarter, compared to analysts' expectations of $11.74 billion. Coca-Cola had a trailing twelve-month return on equity of 43.06% and a net margin of 23.81%. The firm's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 earnings per share.
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Coca-Cola announced a quarterly dividend on Wednesday, July 19th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.46 per share on Monday, October 2nd. This represents a $1.84 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for KO.

ETFs with the largest weight of Coca-Cola (NYSE:KO) stock in their portfolio include iShares U.S. Consumer Staples ETF (IYK), Consumer Staples Select Sector SPDR Fund (XLP), Fidelity MSCI Consumer Staples Index ETF (FSTA), Vanguard Consumer Staples ETF (VDC), First Trust Nasdaq Food & Beverage ETF (FTXG), ProShares Ultra Consumer Goods (UGE), iShares Global Consumer Staples ETF (KXI) and iShares Core High Dividend ETF (HDV).

Coca-Cola (NYSE:KO) pays an annual dividend of $1.84 per share and currently has a dividend yield of 3.01%. The company has been increasing its dividend for 62 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 75.72%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KO will have a dividend payout ratio of 65.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KO.

Coca-Cola issued an update on its FY23 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $2.60-$2.63 for the period, compared to the consensus earnings per share estimate of $2.61.

797 employees have rated Coca-Cola Chief Executive Officer James Quincey on Glassdoor.com. James Quincey has an approval rating of 92% among the company's employees. This puts James Quincey in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Coca-Cola investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Walt Disney (DIS), Exxon Mobil (XOM), Intel (INTC), Pfizer (PFE), Procter & Gamble (PG), Cisco Systems (CSCO) and JPMorgan Chase & Co. (JPM).

Coca-Cola trades on the New York Stock Exchange (NYSE) under the ticker symbol "KO."

Coca-Cola's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (0.85%), Truist Financial Corp (0.43%), Nordea Investment Management AB (0.36%), Swiss National Bank (0.34%), Barclays PLC (0.33%) and Dimensional Fund Advisors LP (0.32%). Insiders that own company stock include Alfredo Rivera, Beatriz R Perez, Brian John Smith, Carolyn Everson, David B Weinberg, Henrique Braun, Herbert A Allen III, James Quincey, Jennifer K Mann, Jennifer K Mann, John Murphy, Kathy Loveless, Manuel Arroyo, Mark Randazza, Monica Howard Douglas, Nancy Quan, Nikolaos Koumettis, Robert Edward Long and Stephen Furlong.
View institutional ownership trends.

Shares of KO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KO stock can currently be purchased for approximately $61.06.

Coca-Cola (NYSE:KO) has a market capitalization of $264.04 billion and generates $43.00 billion in revenue each year. The company earns $9.54 billion in net income (profit) each year or $2.43 on an earnings per share basis.

The company employs 82,500 workers across the globe.

Coca-Cola's mailing address is ONE COCA COLA PLAZA, ATLANTA GA, 30313. The official website for the company is www.coca-colacompany.com. The company can be reached via phone at (404) 676-2121, via email at koinvestorrelations@coca-cola.com, or via fax at 404-676-6792.