The Coca-Cola Company (NYSE:KO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Coca-Cola Company (NYSE:KOGet Rating) have been assigned an average rating of “Moderate Buy” from the twenty-one ratings firms that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $66.50.

KO has been the topic of several recent analyst reports. Barclays increased their price target on shares of Coca-Cola from $62.00 to $67.00 in a research note on Wednesday, October 26th. UBS Group increased their price target on shares of Coca-Cola from $63.00 to $68.00 in a research note on Wednesday, October 26th. Wells Fargo & Company dropped their price target on shares of Coca-Cola from $72.00 to $66.00 and set an “overweight” rating on the stock in a research note on Monday, October 3rd. Credit Suisse Group set a $64.00 price target on shares of Coca-Cola in a research note on Wednesday, October 26th. Finally, Jefferies Financial Group lowered their target price on shares of Coca-Cola from $66.00 to $59.00 and set a “hold” rating on the stock in a research report on Tuesday, October 11th.

Coca-Cola Stock Performance

Shares of Coca-Cola stock opened at $62.63 on Friday. The firm has a market capitalization of $270.84 billion, a P/E ratio of 27.37, a P/E/G ratio of 4.11 and a beta of 0.57. Coca-Cola has a 52 week low of $52.28 and a 52 week high of $67.20. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.45. The firm’s 50 day moving average is $58.30 and its two-hundred day moving average is $61.27.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, November 30th. Coca-Cola’s dividend payout ratio is presently 76.86%.

Insider Buying and Selling

In related news, Director Herbert A. Allen III purchased 33,200 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was purchased at an average cost of $60.18 per share, with a total value of $1,997,976.00. Following the completion of the acquisition, the director now directly owns 99,054 shares in the company, valued at $5,961,069.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other Coca-Cola news, Director Herbert A. Allen III bought 33,200 shares of Coca-Cola stock in a transaction on Friday, October 28th. The stock was bought at an average price of $60.18 per share, with a total value of $1,997,976.00. Following the completion of the acquisition, the director now owns 99,054 shares in the company, valued at $5,961,069.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nancy Quan sold 13,746 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $61.12, for a total value of $840,155.52. Following the completion of the sale, the senior vice president now directly owns 184,710 shares of the company’s stock, valued at approximately $11,289,475.20. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Coca-Cola

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Paragon Wealth Strategies LLC purchased a new position in shares of Coca-Cola in the third quarter valued at $25,000. Exos TFP Holdings LLC purchased a new stake in Coca-Cola during the 3rd quarter worth about $27,000. Neo Ivy Capital Management purchased a new stake in Coca-Cola during the 3rd quarter worth about $31,000. Carl Stuart Investment Advisor Inc. purchased a new stake in Coca-Cola during the 1st quarter worth about $34,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Coca-Cola during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 68.93% of the company’s stock.

Coca-Cola Company Profile

(Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Analyst Recommendations for Coca-Cola (NYSE:KO)

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