Stifel Nicolaus reiterated their hold rating on shares of Coca-Cola Company (The) (NYSE:KO) in a research report released on Friday, July 14th. They currently have a $45.00 price target on the stock.
A number of other research analysts have also issued reports on the company. Wells Fargo & Company reiterated a market perform rating on shares of Coca-Cola Company (The) in a report on Monday, March 27th. BMO Capital Markets reiterated a buy rating and issued a $46.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, April 26th. BidaskClub lowered Coca-Cola Company (The) from a hold rating to a sell rating in a report on Thursday, July 13th. Sanford C. Bernstein reaffirmed a buy rating and set a $48.00 price target on shares of Coca-Cola Company (The) in a report on Monday, April 10th. Finally, Morgan Stanley set a $45.00 price target on Coca-Cola Company (The) and gave the stock a neutral rating in a report on Monday, May 29th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $45.62.
Coca-Cola Company (KO) opened at 45.50 on Friday. The stock has a market capitalization of $194.07 billion, a P/E ratio of 48.05 and a beta of 0.69. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.42. The company has a 50 day moving average of $45.06 and a 200-day moving average of $43.37.
Coca-Cola Company (The) (NYSE:KO) last posted its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. Equities research analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.
In other news, insider Beatriz R. Perez sold 29,282 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the completion of the sale, the insider now directly owns 118,000 shares in the company, valued at approximately $5,333,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian John Smith sold 87,800 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $43.43, for a total value of $3,813,154.00. Following the sale, the insider now owns 149,185 shares of the company’s stock, valued at $6,479,104.55. The disclosure for this sale can be found here. Insiders sold a total of 693,822 shares of company stock valued at $31,311,106 over the last quarter. 1.51% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Portfolio Solutions LLC bought a new stake in shares of Coca-Cola Company (The) during the first quarter valued at about $108,000. Signature Estate & Investment Advisors LLC increased its stake in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares in the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Coca-Cola Company (The) during the fourth quarter valued at about $127,000. Finally, Eagle Ridge Investment Management bought a new stake in shares of Coca-Cola Company (The) during the second quarter valued at about $138,000. Institutional investors and hedge funds own 63.76% of the company’s stock.
Coca-Cola Company (The) Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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