KO has been the subject of a number of other reports. Wells Fargo & Co upgraded The Coca-Cola from a market perform rating to an outperform rating and upped their price objective for the stock from $46.72 to $51.00 in a research note on Tuesday, November 14th. Vetr raised The Coca-Cola from a sell rating to a strong-buy rating in a research note on Tuesday, September 12th. Zacks Investment Research upgraded The Coca-Cola from a hold rating to a buy rating and set a $52.00 price objective for the company in a report on Friday, October 27th. Susquehanna Bancshares set a $41.00 price objective on The Coca-Cola and gave the company a hold rating in a report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. set a $49.00 price objective on The Coca-Cola and gave the company a neutral rating in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $48.30.
The Coca-Cola (NYSE:KO) opened at $45.59 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The stock has a market cap of $194,286.41, a P/E ratio of 43.42, a PEG ratio of 3.90 and a beta of 0.70. The Coca-Cola has a 1 year low of $40.22 and a 1 year high of $47.48.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.25%. The ex-dividend date was Thursday, November 30th. The Coca-Cola’s payout ratio is currently 140.95%.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the 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 transaction, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.51% of the company’s stock.
A number of large investors have recently made changes to their positions in KO. Atlantic Trust Group LLC increased its stake in shares of The Coca-Cola by 6.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 718,307 shares of the company’s stock valued at $32,332,000 after buying an additional 43,128 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of The Coca-Cola by 5.1% during the third quarter. Parametric Portfolio Associates LLC now owns 9,132,860 shares of the company’s stock worth $411,070,000 after purchasing an additional 441,760 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of The Coca-Cola by 257.1% during the third quarter. Chicago Partners Investment Group LLC now owns 15,691 shares of the company’s stock worth $706,000 after purchasing an additional 11,297 shares during the period. Institutional & Family Asset Management LLC grew its stake in shares of The Coca-Cola by 25.7% during the third quarter. Institutional & Family Asset Management LLC now owns 17,850 shares of the company’s stock worth $803,000 after purchasing an additional 3,652 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of The Coca-Cola during the third quarter worth $4,133,000. Hedge funds and other institutional investors own 65.30% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was reported by Community Financial News and is the property of of Community Financial News. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.com-unik.info/2017/12/25/the-coca-cola-ko-given-a-56-00-price-target-at-royal-bank-of-canada.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.
What are top analysts saying about The Coca-Cola? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for The Coca-Cola and related companies.