Shares of The Coca-Cola Co (NYSE:KO) have been assigned a consensus rating of “Hold” from the twenty-two ratings firms that are covering the company, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $51.26.
KO has been the subject of several analyst reports. JPMorgan Chase & Co. set a €54.00 ($62.79) price objective on shares of Axel Springer and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Zacks Investment Research upgraded shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, June 4th. UBS Group increased their price objective on shares of W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Barclays reissued a “buy” rating on shares of Netflix in a research report on Thursday, May 16th. Finally, Morgan Stanley raised shares of Dongfeng Motor Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 1st.
In related news, insider Jennifer K. Mann sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $51.88, for a total value of $466,920.00. Following the completion of the transaction, the insider now directly owns 41,049 shares of the company’s stock, valued at approximately $2,129,622.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Francisco Crespo sold 125,948 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.00, for a total transaction of $6,297,400.00. Following the completion of the transaction, the insider now directly owns 186,631 shares of the company’s stock, valued at $9,331,550. The disclosure for this sale can be found here. Insiders have sold a total of 316,600 shares of company stock valued at $15,760,365 over the last three months. Insiders own 1.33% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KO. Prime Capital Investment Advisors LLC bought a new position in The Coca-Cola in the 1st quarter valued at $28,000. Orrstown Financial Services Inc. boosted its holdings in The Coca-Cola by 230.8% in the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after purchasing an additional 517 shares during the period. Financial Gravity Wealth Inc. bought a new position in The Coca-Cola in the 1st quarter valued at $35,000. Canton Hathaway LLC boosted its holdings in The Coca-Cola by 83.5% in the 2nd quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after purchasing an additional 430 shares during the period. Finally, PRW Wealth Management LLC bought a new position in The Coca-Cola in the 4th quarter valued at $50,000. 66.79% of the stock is owned by institutional investors.
NYSE:KO traded down $0.64 on Friday, hitting $51.39. The stock had a trading volume of 10,355,491 shares, compared to its average volume of 10,150,925. 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 firm has a market cap of $221.97 billion, a PE ratio of 24.71, a P/E/G ratio of 3.56 and a beta of 0.50. The Coca-Cola has a 1 year low of $44.25 and a 1 year high of $52.47. The firm’s fifty day simple moving average is $51.37.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $8 billion during the quarter, compared to analyst estimates of $7.89 billion. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Research analysts expect that The Coca-Cola will post 2.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, September 13th. The Coca-Cola’s dividend payout ratio is currently 76.92%.
The Coca-Cola Company Profile
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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