The Coca-Cola (KO) Price Target Increased to $52.00 by Analysts at UBS Group

The Coca-Cola (NYSE:KO) had its target price boosted by UBS Group from $50.00 to $52.00 in a research note issued to investors on Wednesday morning, BenzingaRatingsTable reports. UBS Group currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on KO. Zacks Investment Research cut shares of The Coca-Cola from a buy rating to a hold rating in a research note on Thursday, January 10th. JPMorgan Chase & Co. reiterated a neutral rating and set a $51.00 price target on shares of The Coca-Cola in a research note on Thursday, February 14th. Jefferies Financial Group reiterated a hold rating and set a $46.00 price target on shares of The Coca-Cola in a research note on Monday, March 11th. Credit Suisse Group started coverage on shares of The Coca-Cola in a research note on Wednesday, March 6th. They set a neutral rating and a $48.00 price target for the company. Finally, HSBC cut shares of The Coca-Cola from a buy rating to a hold rating and decreased their price target for the stock from $64.00 to $50.00 in a research note on Tuesday, March 12th. They noted that the move was a valuation call. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The Coca-Cola presently has a consensus rating of Hold and a consensus target price of $50.80.

Shares of NYSE KO traded up $0.42 during mid-day trading on Wednesday, reaching $48.26. The company had a trading volume of 10,153,429 shares, compared to its average volume of 10,813,123. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.95. The company has a market capitalization of $205.87 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 3.25 and a beta of 0.52. The Coca-Cola has a 52-week low of $41.45 and a 52-week high of $50.84.

The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 23rd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. As a group, sell-side analysts forecast that The Coca-Cola will post 2.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Thursday, June 13th. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.

In other news, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the sale, the senior vice president now owns 92,645 shares in the company, valued at approximately $4,493,282.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Beatriz R. Perez sold 21,742 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of the sale, the insider now owns 92,645 shares of the company’s stock, valued at approximately $4,517,370.20. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in KO. Norges Bank purchased a new position in shares of The Coca-Cola in the 4th quarter valued at about $1,717,527,000. Oregon Public Employees Retirement Fund increased its holdings in shares of The Coca-Cola by 4,577.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,634,956 shares of the company’s stock valued at $415,000 after purchasing an additional 19,215,135 shares in the last quarter. FMR LLC increased its holdings in shares of The Coca-Cola by 22.2% in the 4th quarter. FMR LLC now owns 61,139,629 shares of the company’s stock valued at $2,894,961,000 after purchasing an additional 11,126,961 shares in the last quarter. BlackRock Inc. increased its holdings in shares of The Coca-Cola by 2.9% in the 4th quarter. BlackRock Inc. now owns 253,865,694 shares of the company’s stock valued at $12,020,541,000 after purchasing an additional 7,272,015 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of The Coca-Cola by 10.8% in the 4th quarter. Geode Capital Management LLC now owns 46,561,672 shares of the company’s stock valued at $2,200,726,000 after purchasing an additional 4,528,987 shares in the last quarter. Institutional investors and hedge funds own 67.86% of the company’s stock.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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