BMO Capital Markets reissued their market perform rating on shares of The Coca-Cola (NYSE:KO) in a report published on Friday, February 16th. The firm currently has a $48.00 price target on the stock, up from their previous price target of $47.00.
Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus restated a hold rating and set a $49.00 target price on shares of The Coca-Cola in a report on Friday, December 22nd. Goldman Sachs Group set a $49.00 target price on shares of The Coca-Cola and gave the stock a sell rating in a report on Wednesday, January 10th. Jefferies Group restated a hold rating and set a $47.00 target price on shares of The Coca-Cola in a report on Wednesday, October 25th. Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the stock a neutral rating in a report on Thursday, October 26th. Finally, JPMorgan Chase & Co. restated a neutral rating and set a target price (up previously from ) on shares of The Coca-Cola in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company. The Coca-Cola currently has an average rating of Hold and an average price target of $49.21.
The Coca-Cola (NYSE:KO) traded down $0.40 during trading on Friday, hitting $43.78. 15,320,000 shares of the stock traded hands, compared to its average volume of 14,210,000. The firm has a market capitalization of $186,700.00, a PE ratio of 39.80, a PEG ratio of 2.58 and a beta of 0.77. The Coca-Cola has a 12 month low of $41.83 and a 12 month high of $48.62. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The business’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. equities research analysts forecast that The Coca-Cola will post 2.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a $0.39 dividend. The ex-dividend date is Wednesday, March 14th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.56%. The Coca-Cola’s dividend payout ratio is presently 134.55%.
In other news, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer K. Mann sold 1,883 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $45.00, for a total transaction of $84,735.00. The disclosure for this sale can be found here. Insiders sold 124,523 shares of company stock worth $5,885,511 over the last three months. Insiders own 1.48% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in The Coca-Cola by 1.8% during the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after acquiring an additional 4,818,963 shares during the period. BlackRock Inc. grew its stake in The Coca-Cola by 0.3% during the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after buying an additional 750,257 shares in the last quarter. Capital World Investors grew its stake in The Coca-Cola by 8.9% during the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after buying an additional 11,593,679 shares in the last quarter. Northern Trust Corp grew its stake in The Coca-Cola by 4.5% during the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after buying an additional 2,167,225 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in The Coca-Cola by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 38,150,109 shares of the company’s stock worth $1,746,387,000 after buying an additional 1,170,700 shares in the last quarter. 66.16% of the stock is currently owned by institutional investors.
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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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