TheStreet Lowers Coca-Cola (KO) to C+

TheStreet lowered shares of Coca-Cola (NYSE:KO) from a b rating to a c+ rating in a research report sent to investors on Thursday morning.

A number of other brokerages have also recently weighed in on KO. Jefferies Group set a $47.00 price objective on Coca-Cola and gave the company a neutral rating in a research note on Friday, October 13th. Royal Bank Of Canada reaffirmed a buy rating and issued a $49.00 price objective on shares of Coca-Cola in a research note on Wednesday, September 6th. Citigroup set a $53.00 target price on Coca-Cola and gave the stock a buy rating in a research note on Thursday, August 3rd. boosted their target price on Coca-Cola from $50.00 to $52.00 and gave the stock a buy rating in a research note on Wednesday, September 27th. Finally, BMO Capital Markets reissued a hold rating and set a $47.00 target price on shares of Coca-Cola in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. Coca-Cola has a consensus rating of Hold and an average target price of $47.71.

Shares of Coca-Cola (NYSE KO) opened at $45.97 on Thursday. Coca-Cola has a one year low of $40.19 and a one year high of $47.48. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $195,010.73, a price-to-earnings ratio of 24.22, a PEG ratio of 3.87 and a beta of 0.70.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. Coca-Cola’s dividend payout ratio is currently 140.95%.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.51% of the company’s stock.

Several large investors have recently added to or reduced their stakes in KO. Janus Henderson Group PLC lifted its holdings in shares of Coca-Cola by 1,117.2% in the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after purchasing an additional 12,243,387 shares during the last quarter. Capital World Investors lifted its holdings in shares of Coca-Cola by 8.9% in the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares during the last quarter. Troy Asset Management Ltd purchased a new stake in shares of Coca-Cola in the 3rd quarter valued at about $260,266,000. Vanguard Group Inc. lifted its holdings in shares of Coca-Cola by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after purchasing an additional 4,818,963 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Coca-Cola by 12,733.6% in the 3rd quarter. Stifel Financial Corp now owns 4,245,213 shares of the company’s stock valued at $191,194,000 after purchasing an additional 4,212,134 shares during the last quarter. 65.38% of the stock is owned by institutional investors and hedge funds.

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About 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.

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