Coca-Cola Co (KO) Received a $45.00 Target Price by Barclays PLC Analysts

Coca-Cola Co (KO) Received a $45.00 Target Price by Barclays PLC Analysts

Barclays PLC set a $45.00 price target on The Coca-Cola Co (NYSE:KO) in a report published on Monday morning. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Gabelli reiterated a hold rating on shares of The Coca-Cola in a research report on Saturday, February 11th. Goldman Sachs Group Inc set a $38.00 price objective on The Coca-Cola and gave the company a sell rating in a research report on Friday, February 10th. Susquehanna Bancshares Inc set a $38.00 price objective on The Coca-Cola and gave the company a hold rating in a research report on Saturday, March 25th. Vetr upgraded The Coca-Cola from a hold rating to a buy rating and set a $44.81 price objective for the company in a research report on Monday, April 24th. Finally, Jefferies Group LLC reiterated a neutral rating and issued a $45.00 price objective on shares of The Coca-Cola in a research report on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $44.54.

The Coca-Cola (NYSE:KO) opened at 45.79 on Monday. The Coca-Cola has a one year low of $39.88 and a one year high of $46.01. The firm has a market capitalization of $195.64 billion, a price-to-earnings ratio of 32.22 and a beta of 0.69. The stock’s 50 day moving average price is $43.83 and its 200-day moving average price is $42.19.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 25th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The Coca-Cola had a net margin of 15.59% and a return on equity of 32.94%. The business had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.85 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Coca-Cola will post $1.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be issued a $0.37 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.23%. The Coca-Cola’s dividend payout ratio is presently 93.33%.

In related news, insider Irial Finan sold 354,146 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the sale, the insider now owns 780,258 shares in the company, valued at $35,111,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian John Smith sold 87,800 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $43.43, for a total value of $3,813,154.00. Following the completion of the sale, the insider now owns 149,185 shares of the company’s stock, valued at approximately $6,479,104.55. The disclosure for this sale can be found here. Insiders sold 463,946 shares of company stock valued at $20,701,224 in the last quarter. 1.54% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC increased its stake in The Coca-Cola by 75.3% in the third quarter. ETRADE Capital Management LLC now owns 48,491 shares of the company’s stock worth $2,052,000 after buying an additional 20,828 shares in the last quarter. DIAM Co. Ltd. increased its stake in The Coca-Cola by 22.5% in the third quarter. DIAM Co. Ltd. now owns 766,872 shares of the company’s stock worth $32,320,000 after buying an additional 140,867 shares in the last quarter. Mcmillion Capital Management Inc. increased its stake in The Coca-Cola by 5.0% in the third quarter. Mcmillion Capital Management Inc. now owns 43,434 shares of the company’s stock worth $1,838,000 after buying an additional 2,087 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in The Coca-Cola during the fourth quarter worth approximately $2,170,000. Finally, Lyell Wealth Management LP bought a new stake in The Coca-Cola during the fourth quarter worth approximately $328,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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