Wells Fargo & Company Cuts CocaCola (NYSE:KO) Price Target to $90.00

CocaCola (NYSE:KO) had its target price decreased by Wells Fargo & Company from $95.00 to $90.00 in a research note published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

KO has been the subject of a number of other reports. Evercore reiterated an “outperform” rating and issued a $100.00 price target (up from $88.00) on shares of CocaCola in a research report on Tuesday, July 28th. The Goldman Sachs Group reissued a “neutral” rating and set a $86.00 price target (up from $82.00) on shares of CocaCola in a research report on Tuesday, July 28th. BNP Paribas Exane raised their price objective on CocaCola from $90.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. UBS Group set a $104.00 price objective on CocaCola and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $100.00 target price (up from $89.00) on shares of CocaCola in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.95.

CocaCola Price Performance

CocaCola stock opened at $85.79 on Monday. CocaCola has a 12 month low of $66.00 and a 12 month high of $92.49. The stock’s 50 day moving average is $88.01 and its 200-day moving average is $82.64. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $369.11 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 3.36 and a beta of 0.32.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. The business had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Equities research analysts expect that CocaCola will post 3.29 EPS for the current year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 15th. CocaCola’s dividend payout ratio is 63.66%.

Insider Buying and Selling at CocaCola

In other CocaCola news, CFO John Murphy sold 152,483 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the completion of the sale, the chief financial officer directly owned 279,917 shares in the company, valued at $24,439,553.27. This represents a 35.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total value of $4,519,500.00. Following the completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $20,186,798.70. This represents a 18.29% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 926,620 shares of company stock worth $83,075,714 in the last three months. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On CocaCola

A number of institutional investors have recently modified their holdings of KO. Elevation Wealth Partners LLC raised its holdings in shares of CocaCola by 21.9% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,354 shares of the company’s stock worth $117,000 after buying an additional 243 shares in the last quarter. Retirement Wealth Solutions LLC boosted its stake in CocaCola by 27.0% in the third quarter. Retirement Wealth Solutions LLC now owns 780 shares of the company’s stock valued at $67,000 after buying an additional 166 shares in the last quarter. Cooper Financial Group grew its position in CocaCola by 15.7% in the third quarter. Cooper Financial Group now owns 22,049 shares of the company’s stock valued at $1,898,000 after acquiring an additional 2,988 shares during the last quarter. Canandaigua National Trust Co of Florida bought a new position in CocaCola in the third quarter valued at about $2,298,000. Finally, Wealth Enhancement Trust Services Inc. raised its stake in CocaCola by 14.2% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 16,687 shares of the company’s stock worth $1,436,000 after acquiring an additional 2,072 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola is expanding beyond traditional soft drinks with a zero-sugar prebiotic soda and new banana-vanilla offerings, while also bringing back a seasonal favorite. The launches aim to capture demand for “better-for-you” beverages and could broaden the company’s growth opportunities. Coca-Cola Stock Fizzes on New Banana, Vanilla and Better-for-You Soda Launches
• Positive Sentiment: Wells Fargo reaffirmed its Buy rating on Coca-Cola, providing support for investor confidence in the company’s brands, execution and long-term earnings outlook. Wells Fargo Reaffirms Buy Rating on Coca-Cola
• Positive Sentiment: Recent investor coverage continues to highlight Coca-Cola’s defensive qualities, including 64 consecutive years of dividend increases and its role as a potentially resilient income stock during market volatility. Coca-Cola Dividend Investment Analysis
• Neutral Sentiment: Management is adapting its portfolio as GLP-1 medications and health-conscious consumption patterns influence beverage demand. The strategy may create new opportunities, but the effect on sales and margins remains uncertain. Coca-Cola Unveils New Drinks as GLP-1 Use Shifts Demand
• Negative Sentiment: Coca-Cola trades at a premium earnings multiple relative to the broader market, raising the bar for future growth. Investors may remain cautious if new products do not generate enough incremental volume to justify that valuation. Has Coca-Cola Stock Become a Different Bet?

CocaCola Company Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company’s best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.