Zacks Research Comments on Coca-Cola’s Q4 Earnings (NYSE:KO)

The Coca-Cola Company (NYSE:KO) – Stock analysts at Zacks Research decreased their Q4 2024 earnings estimates for Coca-Cola in a research report issued to clients and investors on Wednesday, November 6th. Zacks Research analyst R. Lohia now forecasts that the company will post earnings of $0.52 per share for the quarter, down from their previous estimate of $0.54. The consensus estimate for Coca-Cola’s current full-year earnings is $2.85 per share. Zacks Research also issued estimates for Coca-Cola’s Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.56 EPS, Q1 2026 earnings at $0.79 EPS and Q3 2026 earnings at $0.84 EPS.

A number of other brokerages have also commented on KO. 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 note on Friday, October 25th. Morgan Stanley lowered their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Truist Financial lifted their price objective on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Wells Fargo & Company boosted their price target on Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.80.

Coca-Cola Trading Down 0.2 %

Coca-Cola stock opened at $63.21 on Monday. Coca-Cola has a one year low of $56.60 and a one year high of $73.53. The business’s fifty day moving average is $69.37 and its 200 day moving average is $66.52. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a market capitalization of $272.30 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.88 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 3.07%. Coca-Cola’s payout ratio is presently 80.17%.

Insider Buying and Selling at Coca-Cola

In other news, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at $15,968,095. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Coca-Cola news, CEO James Quincey sold 102,533 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total value of $7,179,360.66. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at $30,987,070.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 303,748 shares of company stock valued at $20,677,431 over the last ninety days. 0.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coca-Cola

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New Millennium Group LLC purchased a new position in shares of Coca-Cola in the second quarter valued at $26,000. Quarry LP purchased a new position in shares of Coca-Cola in the 2nd quarter worth $27,000. ESL Trust Services LLC bought a new stake in shares of Coca-Cola in the 1st quarter worth about $28,000. Hara Capital LLC purchased a new stake in shares of Coca-Cola during the 3rd quarter valued at about $35,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola in the 3rd quarter valued at about $36,000. 70.26% of the stock is owned by institutional investors.

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.