The Coca-Cola (NYSE:KO)‘s stock had its “neutral” rating reiterated by analysts at Jefferies Group in a note issued to investors on Tuesday, February 20th. They currently have a $49.00 target price on the stock. Jefferies Group’s price objective would suggest a potential upside of 11.92% from the stock’s current price. Jefferies Group also issued estimates for The Coca-Cola’s Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $2.10 EPS, FY2019 earnings at $2.25 EPS and FY2020 earnings at $2.42 EPS.
The analysts wrote, “KO posted a solid 4Q in a tough env’t, incl. +6% org sales (vs. Street +4%) and a 1c EPS beat helped by non-operating items. New CEO James Quincey continues to reshape KO into a more consumer-centric/productivity-focused industry leader, while consensus ests. are finally trending higher after years of structural change and FX pressure. Lowering PT on group de-rating, though valuation becoming more attractive at 21.5x P/E given troubles elsewhere in staples.””
KO has been the topic of a number of other research reports. Morgan Stanley restated a “neutral” rating and set a $49.00 price target (up previously from $48.00) on shares of The Coca-Cola in a research note on Monday, February 19th. Societe Generale restated a “neutral” rating and set a $48.80 price target on shares of The Coca-Cola in a research note on Monday, February 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a $48.00 price objective (up from $47.00) on shares of The Coca-Cola in a research report on Friday, February 16th. Royal Bank of Canada set a $56.00 price objective on The Coca-Cola and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Goldman Sachs Group set a $49.00 price target on The Coca-Cola and gave the company a “sell” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $49.21.
Shares of The Coca-Cola (NYSE KO) traded down $0.79 during trading on Tuesday, hitting $43.78. The stock had a trading volume of 15,320,816 shares, compared to its average volume of 14,210,000. The Coca-Cola has a twelve month low of $41.83 and a twelve month high of $48.62. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The firm has a market cap of $186,700.00, a price-to-earnings ratio of 39.80, a PEG ratio of 2.58 and a beta of 0.77.
The Coca-Cola (NYSE:KO) last posted its earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The Coca-Cola’s revenue was down 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. research analysts expect that The Coca-Cola will post 2.09 earnings per share for the current year.
In other news, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathy N. Waller sold 23,240 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Insiders have sold 124,523 shares of company stock valued at $5,885,511 over the last ninety days. Corporate insiders own 1.48% of the company’s stock.
A number of hedge funds have recently modified their holdings of KO. Swiss National Bank lifted its holdings in shares of The Coca-Cola by 3.0% in the second quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock valued at $735,069,000 after purchasing an additional 470,700 shares in the last quarter. Summit Financial Group Inc. purchased a new stake in shares of The Coca-Cola in the second quarter valued at $2,779,000. Global X Management Co. LLC lifted its holdings in shares of The Coca-Cola by 6.0% in the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock valued at $9,966,000 after purchasing an additional 12,513 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of The Coca-Cola by 54.8% in the second quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock valued at $20,118,000 after purchasing an additional 158,741 shares in the last quarter. Finally, Flippin Bruce & Porter Inc. lifted its holdings in shares of The Coca-Cola by 1.8% in the second quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock valued at $4,397,000 after purchasing an additional 1,705 shares in the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “The Coca-Cola (NYSE:KO) Earns “Neutral” Rating from Jefferies Group” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2018/03/15/the-coca-colas-ko-hold-rating-reiterated-at-jefferies-group.html.
About The Coca-Cola
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.
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.