Coca-Cola Company (The) (NYSE:KO) has earned a consensus recommendation of “Hold” from the twenty-eight ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $46.91.
Several research analysts have recently issued reports on KO shares. Vetr upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Jefferies Group LLC set a $47.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Thursday, July 27th. UBS Group AG increased their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Deutsche Bank AG reiterated a “hold” rating and set a $46.00 price target (up from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Finally, Cowen and Company reissued a “hold” rating and set a $42.00 price objective on shares of Coca-Cola Company (The) in a research report on Thursday, August 24th.
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In related news, insider Francisco Crespo sold 7,700 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $46.01, for a total value of $354,277.00. Following the transaction, the insider now owns 29,943 shares of the company’s stock, valued at approximately $1,377,677.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the transaction, the insider now directly owns 136,385 shares in the company, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. Insiders sold a total of 332,679 shares of company stock valued at $15,302,829 in the last 90 days. Company insiders own 1.51% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Waldron LP grew its position in shares of Coca-Cola Company (The) by 45.2% in the 1st quarter. Waldron LP now owns 12,666 shares of the company’s stock worth $536,000 after buying an additional 3,944 shares during the last quarter. ProShare Advisors LLC boosted its stake in Coca-Cola Company (The) by 4.5% in the 1st quarter. ProShare Advisors LLC now owns 1,793,193 shares of the company’s stock worth $76,103,000 after purchasing an additional 76,568 shares in the last quarter. Founders Capital Management LLC boosted its stake in Coca-Cola Company (The) by 1.0% in the 1st quarter. Founders Capital Management LLC now owns 193,353 shares of the company’s stock worth $8,206,000 after purchasing an additional 1,900 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Coca-Cola Company (The) by 0.6% in the 1st quarter. Acadian Asset Management LLC now owns 8,117,346 shares of the company’s stock worth $344,498,000 after purchasing an additional 47,393 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in Coca-Cola Company (The) by 1,065.9% in the 1st quarter. Independent Portfolio Consultants Inc. now owns 26,815 shares of the company’s stock worth $1,138,000 after purchasing an additional 24,515 shares in the last quarter. 64.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Coca-Cola Company (NYSE:KO) traded up 0.39% during trading on Thursday, hitting $46.23. The stock had a trading volume of 10,569,064 shares. The stock has a market capitalization of $197.19 billion, a P/E ratio of 48.82 and a beta of 0.70. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.98. The stock’s 50-day moving average is $45.91 and its 200-day moving average is $45.06.
Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The firm had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The company’s quarterly revenue was down 14.6% on a year-over-year basis. Analysts predict that Coca-Cola Company will post $1.90 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 annualized dividend and a yield of 3.20%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 154.17%.
About Coca-Cola Company (The)
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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