Coca Cola (NYSE: KO)‘s stock had its “outperform” rating reaffirmed by Wells Fargo in a research note issued on Wednesday. They currently have a $44.00 price target on the stock, up from their previous price target of $42.00.
A number of other firms have also recently commented on KO. Analysts at TheStreet reiterated a “buy” rating on shares of Coca Cola in a research note to investors on Friday, March 1st. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Coca Cola in a research note to investors on Wednesday, February 13th. They now have a $39.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Coca Cola from $39.00 to $41.00 in a research note to investors on Wednesday, February 13th. They now have a “neutral” rating on the stock.
Nine equities research analysts have rated the stock with a buy rating, two have assigned an overweight rating, ten have given a hold rating, and one has issued an underweight rating to the company. The company presently has an average rating of “overweight” and an average target price of $41.86.
Coca Cola traded down 0.12% on Wednesday, hitting $38.6342. Coca Cola has a 1-year low of $34.89 and a 1-year high of $40.665. The stock’s 50-day moving average is currently $38.02. The company has a market cap of $172.2 billion and a price-to-earnings ratio of 19.63.
Coca Cola last released its earnings data on Tuesday, February 12th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.01. The company had revenue of $11.46 million for the quarter, compared to the consensus estimate of $11.55 million. During the same quarter last year, the company posted $0.79 earnings per share. Coca Cola’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that Coca Cola will post $2.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, March 13th. This is a positive change from Coca Cola’s previous quarterly dividend of $0.26.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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