Credit Agricole upgraded shares of Coca Cola (NYSE: KO) from an underperform rating to an outperform rating in a research report released on Thursday morning, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo reiterated an outperform rating on shares of Coca Cola in a research note to investors on Wednesday, March 13th. They now have a $44.00 price target on the stock, up previously from $42.00. Separately, analysts at TheStreet reiterated a buy rating on shares of Coca Cola in a research note to investors on Friday, March 1st. Finally, 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.
Nine investment analysts have rated the stock with a buy rating, three have given an overweight rating, and ten have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of overweight and an average price target of $42.06.
Shares of Coca Cola (NYSE: KO) traded down 0.08% during mid-day trading on Thursday, hitting $38.80. Coca Cola has a 52 week low of $34.965 and a 52 week high of $40.665. The stock’s 50-day moving average is currently $38.16. The company has a market cap of $172.9 billion and a P/E ratio of 19.71.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.88%. The ex-dividend date 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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