Brokerages Set The Coca-Cola Co (KO) PT at $51.22

Shares of The Coca-Cola Co (NYSE:KO) have received a consensus rating of “Hold” from the twenty-seven analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $51.43.

Several research analysts recently commented on the stock. 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. Jefferies Financial Group set a $48.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, September 6th. 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, September 26th. Guggenheim assumed coverage on shares of The Coca-Cola in a research note on Thursday, September 13th. They issued a “buy” rating and a $51.00 price target on the stock. Finally, Bank of America reaffirmed a “buy” rating and issued a $52.00 price target on shares of The Coca-Cola in a research note on Tuesday, October 30th.

KO stock traded up $0.35 during trading on Monday, hitting $49.68. The company had a trading volume of 12,398,061 shares, compared to its average volume of 16,167,808. The company has a market capitalization of $210.61 billion, a PE ratio of 24.08, a P/E/G ratio of 3.23 and a beta of 0.60. The Coca-Cola has a 52-week low of $41.45 and a 52-week high of $49.89. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 0.98.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.14%. The ex-dividend date is Thursday, November 29th. The Coca-Cola’s payout ratio is 81.68%.

In other news, SVP James L. Dinkins sold 8,754 shares of the firm’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total value of $411,000.30. Following the sale, the senior vice president now directly owns 28,354 shares in the company, valued at approximately $1,331,220.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total transaction of $479,800.00. Following the completion of the sale, the senior vice president now owns 92,645 shares in the company, valued at $4,445,107.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,354 shares of company stock worth $8,559,188. 1.48% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of The Coca-Cola by 2.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,092,783 shares of the company’s stock valued at $50,476,000 after buying an additional 21,036 shares in the last quarter. CIBC World Markets Inc. boosted its holdings in shares of The Coca-Cola by 67.8% in the 3rd quarter. CIBC World Markets Inc. now owns 908,195 shares of the company’s stock valued at $41,950,000 after buying an additional 366,852 shares in the last quarter. Sarasin & Partners LLP bought a new stake in shares of The Coca-Cola in the 3rd quarter valued at about $9,505,000. FMR LLC boosted its holdings in shares of The Coca-Cola by 2.3% in the 3rd quarter. FMR LLC now owns 50,012,668 shares of the company’s stock valued at $2,310,085,000 after buying an additional 1,116,190 shares in the last quarter. Finally, Verus Financial Partners Inc. acquired a new stake in The Coca-Cola in the 3rd quarter worth approximately $238,000. Institutional investors and hedge funds own 65.45% of the company’s stock.

The Coca-Cola Company Profile

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

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