Brokerages Set Coca-Cola Company (The) (KO) Price Target at $45.53

Shares of Coca-Cola Company (The) (NYSE:KO) have received an average recommendation of “Hold” from the twenty-five ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $45.53.

KO has been the topic of several recent analyst reports. Barclays PLC set a $45.00 price objective on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $49.00 price objective on shares of Coca-Cola Company (The) in a report on Wednesday. UBS AG increased their price objective on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Citigroup Inc. set a $53.00 price objective on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, BidaskClub downgraded shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 180,738 shares of Coca-Cola Company (The) stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.99, for a total transaction of $8,312,140.62. Following the completion of the sale, the insider now directly owns 315,606 shares in the company, valued at $14,514,719.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Beatriz R. Perez sold 29,282 shares of Coca-Cola Company (The) stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the sale, the insider now owns 118,000 shares of the company’s stock, valued at $5,333,600. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 396,117 shares of company stock valued at $18,197,793. Company insiders own 1.51% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in KO. Chesley Taft & Associates LLC grew its holdings in shares of Coca-Cola Company (The) by 2.2% in the first quarter. Chesley Taft & Associates LLC now owns 227,592 shares of the company’s stock valued at $9,659,000 after purchasing an additional 4,830 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of Coca-Cola Company (The) by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 1,276,383 shares of the company’s stock valued at $54,169,000 after purchasing an additional 21,750 shares in the last quarter. Union Bankshares Corp grew its holdings in shares of Coca-Cola Company (The) by 5.8% in the first quarter. Union Bankshares Corp now owns 63,845 shares of the company’s stock valued at $2,709,000 after purchasing an additional 3,475 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Coca-Cola Company (The) by 6.6% in the first quarter. Quadrant Capital Group LLC now owns 24,711 shares of the company’s stock valued at $1,033,000 after purchasing an additional 1,524 shares in the last quarter. Finally, Mutual of Omaha Bank Wealth Management grew its holdings in shares of Coca-Cola Company (The) by 2.7% in the first quarter. Mutual of Omaha Bank Wealth Management now owns 110,148 shares of the company’s stock valued at $4,674,000 after purchasing an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 64.68% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Brokerages Set Coca-Cola Company (The) (KO) Price Target at $45.53” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/09/16/brokerages-set-coca-cola-company-the-ko-price-target-at-45-53.html.

Coca-Cola Company (NYSE KO) traded up 0.04% during mid-day trading on Wednesday, hitting $46.30. 10,534,915 shares of the stock were exchanged. The stock has a market cap of $197.48 billion, a PE ratio of 48.89 and a beta of 0.71. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43. The stock’s 50 day moving average is $45.69 and its 200 day moving average is $44.17.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company’s revenue was down 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. Analysts forecast that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

Coca-Cola Company (The) Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Analyst Recommendations for Coca-Cola Company (The) (NYSE:KO)

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply