The Coca-Cola (KO) Lifted to “Buy” at Vetr

Vetr upgraded shares of The Coca-Cola (NYSE:KO) from a hold rating to a buy rating in a research note issued to investors on Friday. Vetr currently has $47.68 target price on the stock.

Several other equities analysts have also recently issued reports on KO. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the stock a hold rating in a research note on Wednesday, December 20th. JPMorgan Chase & Co. set a $48.00 price objective on shares of The Coca-Cola and gave the stock a neutral rating in a research note on Friday, December 15th. Cowen reaffirmed a hold rating and issued a $42.00 price objective on shares of The Coca-Cola in a research note on Thursday, September 28th. Macquarie assumed coverage on shares of The Coca-Cola in a research note on Friday, September 15th. They issued a neutral rating and a $47.00 price objective on the stock. Finally, Zacks Investment Research raised shares of The Coca-Cola from a hold rating to a buy rating and set a $52.00 price objective on the stock in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $48.30.

The Coca-Cola (NYSE:KO) opened at $45.59 on Friday. The company has a market cap of $194,286.41, a PE ratio of 43.42, a price-to-earnings-growth ratio of 3.90 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. The Coca-Cola has a 52 week low of $40.22 and a 52 week high of $47.48.

The Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The firm had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The Coca-Cola’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. equities research analysts forecast that The Coca-Cola will post 1.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Thursday, November 30th. The Coca-Cola’s dividend payout ratio is currently 140.95%.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.51% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cambridge Advisors Inc. raised its position in shares of The Coca-Cola by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock valued at $365,000 after purchasing an additional 26 shares during the period. Lyell Wealth Management LP raised its position in shares of The Coca-Cola by 0.6% in the second quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after purchasing an additional 50 shares during the period. Regentatlantic Capital LLC raised its position in shares of The Coca-Cola by 0.4% in the second quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock valued at $710,000 after purchasing an additional 64 shares during the period. Vigilant Capital Management LLC raised its position in shares of The Coca-Cola by 1.9% in the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after purchasing an additional 68 shares during the period. Finally, Atlantic Trust LLC raised its position in shares of The Coca-Cola by 1.4% in the second quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock valued at $283,000 after purchasing an additional 89 shares during the period. 65.30% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “The Coca-Cola (KO) Lifted to “Buy” at Vetr” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/12/26/the-coca-cola-ko-lifted-to-buy-at-vetr.html.

The Coca-Cola 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.

To view Vetr’s full report, visit Vetr’s official website.

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

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit