The Coca-Cola Co (KO) Receives $48.44 Consensus PT from Analysts

Shares of The Coca-Cola Co (NYSE:KO) have been assigned an average rating of “Hold” from the twenty-nine research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $48.88.

Several equities research analysts have recently issued reports on the stock. Evercore ISI upgraded shares of The Coca-Cola from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $46.04 to $55.00 in a research note on Friday. Goldman Sachs Group set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday. Vetr downgraded shares of The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 price objective on the stock. in a research note on Monday. Jefferies Group set a $50.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, January 4th. Finally, Royal Bank of Canada set a $56.00 price objective on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Tuesday, January 2nd.

In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of The Coca-Cola stock in a transaction on 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 $14,749,399.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.51% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of KO. Meeder Asset Management Inc. raised its holdings in shares of The Coca-Cola by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares during the last quarter. Veritas Investment Management LLP bought a new position in shares of The Coca-Cola in the third quarter valued at about $135,000. Spectrum Management Group Inc. bought a new position in shares of The Coca-Cola in the third quarter valued at about $137,000. Legacy Advisors LLC bought a new position in shares of The Coca-Cola in the third quarter valued at about $139,000. Finally, Almanack Investment Partners LLC. bought a new position in shares of The Coca-Cola in the second quarter valued at about $142,000. 65.30% of the stock is owned by institutional investors.

Shares of The Coca-Cola (NYSE:KO) traded up $0.11 during trading on Tuesday, hitting $46.15. 14,544,400 shares of the stock traded hands, compared to its average volume of 10,870,000. The firm has a market capitalization of $196,630.00, a P/E ratio of 43.95, a price-to-earnings-growth ratio of 3.75 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 twelve month low of $40.22 and a twelve month high of $47.48.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion for the quarter, compared to the consensus estimate 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 posted $0.49 earnings per share. analysts anticipate that The Coca-Cola will post 1.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.21%. The Coca-Cola’s dividend payout ratio is currently 140.95%.

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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.

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

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