Coca-Cola Company (The) (NYSE:KO) PT Set at $51.00 by Credit Suisse Group

Credit Suisse Group set a $51.00 target price on Coca-Cola Company (The) (NYSE:KO) in a research note issued to investors on Thursday, October 26th. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently commented on KO. Macquarie initiated coverage on Coca-Cola Company (The) in a research report on Friday, September 15th. They set a neutral rating and a $47.00 price target for the company. Susquehanna Bancshares Inc set a $39.00 price objective on Coca-Cola Company (The) and gave the stock a hold rating in a research note on Wednesday, July 26th. Stifel Nicolaus reiterated a hold rating and issued a $45.00 price objective on shares of Coca-Cola Company (The) in a research report on Friday, July 14th. BidaskClub upgraded Coca-Cola Company (The) from a sell rating to a hold rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut Coca-Cola Company (The) from a buy rating to a hold rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $47.16.

Shares of Coca-Cola Company (NYSE:KO) opened at $46.54 on Thursday. The stock has a market capitalization of $198,290.00, a PE ratio of 24.62, a P/E/G ratio of 3.94 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. Coca-Cola Company has a 1 year low of $39.88 and a 1 year high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. analysts forecast that Coca-Cola Company will post 1.9 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is presently 140.95%.

In other news, insider Brian John Smith sold 100,000 shares of Coca-Cola Company (The) stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the sale, the insider now owns 136,385 shares in the company, valued at approximately $6,287,348.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.

Several large investors have recently made changes to their positions in KO. Vanguard Group Inc. lifted its holdings in Coca-Cola Company (The) by 1.8% in the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after acquiring an additional 4,818,963 shares during the period. BlackRock Inc. grew its holdings in Coca-Cola Company (The) by 0.3% during the 2nd quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock valued at $10,839,247,000 after buying an additional 750,257 shares in the last quarter. State Street Corp grew its holdings in Coca-Cola Company (The) by 1.2% during the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock valued at $7,375,663,000 after buying an additional 2,009,675 shares in the last quarter. Capital World Investors grew its holdings in Coca-Cola Company (The) by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after buying an additional 11,593,679 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Coca-Cola Company (The) by 4.5% during the 2nd quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock valued at $2,276,647,000 after buying an additional 2,167,225 shares in the last quarter. 64.92% of the stock is currently owned by hedge funds and other institutional investors.

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)

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