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.
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.
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