Coca-Cola Company (The) (KO) Given Consensus Rating of “Hold” by Brokerages

Shares of Coca-Cola Company (The) (NYSE:KO) have been assigned a consensus rating of “Hold” from the twenty-eight brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $47.35.

A number of analysts have issued reports on KO shares. Jefferies Group LLC set a $47.00 target price on Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Friday, October 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, September 6th. Citigroup Inc. set a $53.00 target price on Coca-Cola Company (The) and gave the company a “buy” rating in a report on Thursday, August 3rd. UBS AG raised their target price on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, raised their target price on Coca-Cola Company (The) from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, September 27th.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola Company (The) stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.51% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC grew its stake in shares of Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after purchasing an additional 129 shares during the period. Meeder Asset Management Inc. lifted its holdings in Coca-Cola Company (The) by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after acquiring an additional 1,026 shares in the last quarter. Veritas Investment Management LLP bought a new position in Coca-Cola Company (The) during the third quarter worth about $135,000. Spectrum Management Group Inc. bought a new position in Coca-Cola Company (The) during the third quarter worth about $137,000. Finally, Legacy Advisors LLC bought a new position in Coca-Cola Company (The) during the third quarter worth about $139,000. 65.09% of the stock is owned by institutional investors and hedge funds.

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Shares of Coca-Cola Company (NYSE KO) traded down $0.25 during midday trading on Monday, hitting $45.46. The stock had a trading volume of 19,160,573 shares, compared to its average volume of 11,521,462. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The firm has a market cap of $194,755.08, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 3.87 and a beta of 0.70. Coca-Cola Company has a fifty-two week low of $39.88 and a fifty-two week high of $47.48.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. analysts predict that Coca-Cola Company will post 1.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.37 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 140.95%.

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.

Analyst Recommendations for Coca-Cola Company (The) (NYSE:KO)

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