The Coca-Cola Co (NYSE:KO)‘s stock had its “market perform” rating restated by equities researchers at Wells Fargo & Co in a research report issued to clients and investors on Monday.
Several other analysts have also commented on the company. Sanford C. Bernstein set a $48.00 target price on The Coca-Cola and gave the stock a “buy” rating in a report on Friday, January 6th. Zacks Investment Research lowered The Coca-Cola from a “hold” rating to a “sell” rating in a report on Tuesday, December 27th. Jefferies Group LLC set a $43.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a report on Wednesday, December 21st. Barclays PLC set a $43.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a report on Monday, March 13th. Finally, Credit Suisse Group AG set a $43.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a report on Tuesday, January 10th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $43.54.
The Coca-Cola (NYSE:KO) traded up 0.47% during mid-day trading on Monday, reaching $42.32. The company’s stock had a trading volume of 12,387,364 shares. The company has a market cap of $181.70 billion, a PE ratio of 28.40 and a beta of 0.69. The Coca-Cola has a 12-month low of $39.88 and a 12-month high of $47.13. The firm’s 50 day moving average is $41.80 and its 200-day moving average is $41.72.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.21 billion. The Coca-Cola had a return on equity of 32.94% and a net margin of 15.59%. The company’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share. Equities analysts anticipate that The Coca-Cola will post $1.86 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.37 per share. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 13th. This represents a $1.48 annualized dividend and a yield of 3.50%. The Coca-Cola’s dividend payout ratio (DPR) is 93.33%.
A number of large investors have recently bought and sold shares of KO. Blue Bell Private Wealth Management LLC boosted its stake in The Coca-Cola by 6.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,377 shares of the company’s stock valued at $101,000 after buying an additional 150 shares during the period. Welch Investments LLC acquired a new stake in The Coca-Cola during the fourth quarter valued at about $115,000. Lowe fs LLC boosted its stake in The Coca-Cola by 28.2% in the third quarter. Lowe fs LLC now owns 2,731 shares of the company’s stock valued at $116,000 after buying an additional 600 shares during the period. Barnett & Company Inc. boosted its stake in The Coca-Cola by 27.7% in the third quarter. Barnett & Company Inc. now owns 2,837 shares of the company’s stock valued at $120,000 after buying an additional 616 shares during the period. Finally, SRS Capital Advisors Inc. acquired a new stake in The Coca-Cola during the fourth quarter valued at about $127,000. 63.88% of the stock is owned by institutional investors.
The Coca-Cola Company Profile
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.