Coca-Cola Company (The) (KO) Given a $43.00 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a $43.00 price target on Coca-Cola Company (The) (NYSE:KO) in a report released on Tuesday morning. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Coca-Cola Company (The) from a sell rating to a hold rating in a research note on Monday, September 12th. Vetr lowered shares of Coca-Cola Company (The) from a strong-buy rating to a buy rating and set a $46.50 target price on the stock. in a research note on Monday, November 28th. RBC Capital Markets set a $49.00 target price on shares of Coca-Cola Company (The) and gave the stock a buy rating in a research note on Thursday, October 13th. Citigroup Inc. reissued a buy rating and set a $50.00 target price on shares of Coca-Cola Company (The) in a research note on Monday, September 19th. Finally, Goldman Sachs Group, Inc. (The) restated a sell rating and set a $39.00 price objective on shares of Coca-Cola Company (The) in a report on Monday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $46.12.

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

Shares of Coca-Cola Company (NYSE:KO) traded down 0.207% on Tuesday, hitting $40.955. 5,937,930 shares of the stock were exchanged. The stock has a market cap of $176.64 billion, a price-to-earnings ratio of 24.836 and a beta of 0.65. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $47.13. The stock’s 50-day moving average is $41.36 and its 200-day moving average is $42.73.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.47 billion. Coca-Cola Company (The) had a net margin of 16.99% and a return on equity of 32.47%. Coca-Cola Company (The)’s revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. Analysts forecast that Coca-Cola Company will post $1.91 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.41%. The ex-dividend date was Tuesday, November 29th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 84.85%.

In related news, VP Kathy N. Waller sold 36,342 shares of Coca-Cola Company (The) stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $42.06, for a total value of $1,528,544.52. Following the sale, the vice president now owns 104,345 shares in the company, valued at $4,388,750.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC boosted its position in shares of Coca-Cola Company (The) by 10.0% in the second quarter. MCF Advisors LLC now owns 2,208 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of Coca-Cola Company (The) by 6.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,377 shares of the company’s stock worth $101,000 after buying an additional 150 shares during the last quarter. Lowe fs LLC boosted its position in shares of Coca-Cola Company (The) by 28.2% in the third quarter. Lowe fs LLC now owns 2,731 shares of the company’s stock worth $116,000 after buying an additional 600 shares during the last quarter. Lenox Wealth Management Inc. boosted its position in shares of Coca-Cola Company (The) by 38.0% in the second quarter. Lenox Wealth Management Inc. now owns 2,611 shares of the company’s stock worth $118,000 after buying an additional 719 shares during the last quarter. Finally, Barnett & Company Inc. boosted its position in shares of Coca-Cola Company (The) by 27.7% in the third quarter. Barnett & Company Inc. now owns 2,837 shares of the company’s stock worth $120,000 after buying an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.

5 Day Chart for NYSE:KO

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