Brokerages Set The Coca-Cola Co (KO) Target Price at $51.43

Shares of The Coca-Cola Co (NYSE:KO) have been given an average rating of “Hold” by the twenty-seven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $51.43.

Several research analysts have recently weighed in on the stock. Morgan Stanley set a $49.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Wednesday, August 29th. Wells Fargo & Co reiterated a “buy” rating and set a $52.00 price target on shares of The Coca-Cola in a research note on Wednesday, October 17th. Macquarie set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Friday, September 14th. Argus upgraded shares of The Coca-Cola to a “hold” rating in a research note on Friday, August 24th. Finally, HSBC set a $61.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Thursday, September 27th.

In other news, insider Brian John Smith sold 43,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $48.00, for a total transaction of $2,064,000.00. Following the sale, the insider now directly owns 123,908 shares in the company, valued at approximately $5,947,584. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James L. Dinkins sold 8,754 shares of the firm’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total transaction of $411,000.30. Following the sale, the senior vice president now owns 28,354 shares in the company, valued at $1,331,220.30. The disclosure for this sale can be found here. Insiders have sold a total of 374,542 shares of company stock worth $18,436,957 over the last 90 days. Insiders own 1.48% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. WP Advisors LLC bought a new stake in The Coca-Cola in the 2nd quarter valued at $107,000. Westbourne Investment Advisors Inc. bought a new stake in The Coca-Cola in the 3rd quarter valued at $117,000. Fort L.P. bought a new stake in The Coca-Cola in the 2nd quarter valued at $122,000. Sageworth Trust Co grew its stake in shares of The Coca-Cola by 69.5% in the 3rd quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock worth $135,000 after buying an additional 1,200 shares in the last quarter. Finally, BDO Wealth Advisors LLC grew its stake in shares of The Coca-Cola by 104.9% in the 2nd quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock worth $139,000 after buying an additional 1,619 shares in the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Shares of KO stock opened at $50.40 on Friday. The Coca-Cola has a 12-month low of $41.45 and a 12-month high of $50.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06. The company has a market capitalization of $215.00 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.30 and a beta of 0.60.

The Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The company had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.20 billion. During the same quarter last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. As a group, equities analysts predict that The Coca-Cola will post 2.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 3.10%. The Coca-Cola’s payout ratio is 81.68%.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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