The Coca-Cola Co (KO) Given Average Recommendation of “Hold” by Analysts

The Coca-Cola Co (NYSE:KO) has been given an average recommendation of “Hold” by the twenty-eight research firms that are currently covering the firm, reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $48.44.

A number of equities research analysts have recently weighed in on the stock. Vetr raised shares of The Coca-Cola from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Macquarie assumed coverage on shares of The Coca-Cola in a research note on Friday, September 15th. They set a “neutral” rating and a $47.00 target price on the stock. lifted their target price on shares of The Coca-Cola from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, September 27th. Cowen reaffirmed a “hold” rating and set a $42.00 target price on shares of The Coca-Cola in a research note on Thursday, September 28th. Finally, Bank of America reaffirmed a “buy” rating and set a $52.00 target price (up previously from $50.00) on shares of The Coca-Cola in a research note on Monday, October 9th.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.51% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. raised its holdings in The Coca-Cola by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after buying an additional 1,026 shares during the last quarter. Veritas Investment Management LLP purchased a new position in The Coca-Cola in the third quarter worth about $135,000. Spectrum Management Group Inc. purchased a new position in The Coca-Cola in the third quarter worth about $137,000. Eagle Ridge Investment Management purchased a new position in The Coca-Cola in the second quarter worth about $138,000. Finally, Legacy Advisors LLC purchased a new position in The Coca-Cola in the third quarter worth about $139,000. 65.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Coca-Cola (NYSE:KO) traded up $0.24 during trading on Tuesday, reaching $46.23. 9,960,000 shares of the company’s stock were exchanged, compared to its average volume of 10,500,000. The company has a market cap of $196,970.00, a price-to-earnings ratio of 44.03, a PEG ratio of 3.75 and a beta of 0.70. The Coca-Cola has a 1-year low of $40.22 and a 1-year high of $47.48. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company’s revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. sell-side analysts expect that The Coca-Cola will post 1.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Thursday, November 30th. The Coca-Cola’s payout ratio is currently 140.95%.

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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.

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

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