The Coca-Cola Co (NYSE:KO) has earned a consensus rating of “Hold” from the twenty-four analysts that are currently covering the stock, MarketBeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $51.00.
Several brokerages have weighed in on KO. Zacks Investment Research raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday, May 8th. Goldman Sachs Group reiterated a “neutral” rating and set a $47.00 price target on shares of The Coca-Cola in a research report on Thursday, February 14th. UBS Group upped their target price on The Coca-Cola from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Citigroup cut The Coca-Cola from a “buy” rating to a “neutral” rating and dropped their target price for the company from $56.00 to $50.00 in a report on Thursday, February 14th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $56.00 target price on shares of The Coca-Cola in a report on Wednesday, February 13th.
In other news, insider Francisco Crespo sold 16,426 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $49.00, for a total value of $804,874.00. Following the transaction, the insider now owns 77,109 shares of the company’s stock, valued at approximately $3,778,341. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Nancy Quan sold 23,320 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $47.95, for a total value of $1,118,194.00. Following the completion of the transaction, the senior vice president now directly owns 165,049 shares in the company, valued at approximately $7,914,099.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,840 shares of company stock worth $3,257,201. Corporate insiders own 1.33% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC increased its holdings in The Coca-Cola by 4.2% during the 1st quarter. Clearbridge Investments LLC now owns 16,562,369 shares of the company’s stock worth $776,113,000 after purchasing an additional 660,240 shares during the period. Cerebellum GP LLC increased its holdings in The Coca-Cola by 11,289.1% during the 1st quarter. Cerebellum GP LLC now owns 7,289 shares of the company’s stock worth $342,000 after purchasing an additional 7,225 shares during the period. Columbia Asset Management increased its holdings in The Coca-Cola by 0.3% during the 1st quarter. Columbia Asset Management now owns 107,955 shares of the company’s stock worth $5,059,000 after purchasing an additional 304 shares during the period. Nordea Investment Management AB increased its holdings in The Coca-Cola by 2.2% during the 1st quarter. Nordea Investment Management AB now owns 1,119,871 shares of the company’s stock worth $52,477,000 after purchasing an additional 23,606 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in The Coca-Cola by 3.0% during the 1st quarter. EP Wealth Advisors LLC now owns 39,811 shares of the company’s stock worth $1,866,000 after purchasing an additional 1,178 shares during the period. 67.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:KO traded down $0.21 on Friday, hitting $49.64. 5,844,040 shares of the company’s stock were exchanged, compared to its average volume of 11,838,508. The Coca-Cola has a 12 month low of $41.93 and a 12 month high of $50.84. The company has a market cap of $207.32 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 3.27 and a beta of 0.53. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48.
The Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 23rd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The business had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. During the same period last year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities research analysts predict that The Coca-Cola will post 2.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, June 13th. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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