Coca-Cola Co. (NYSE:KO) Receives $47.06 Consensus Target Price from Brokerages
Coca-Cola Co. (NYSE:KO) has been given a consensus rating of “Hold” by the twenty-four analysts that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $46.86.
Several brokerages have recently weighed in on KO. Deutsche Bank AG reissued a “buy” rating on shares of Coca-Cola in a research report on Sunday, July 24th. Susquehanna reissued a “hold” rating on shares of Coca-Cola in a research report on Sunday, July 17th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Coca-Cola in a research report on Friday, July 15th. Goldman Sachs Group Inc. set a $46.00 price target on shares of Coca-Cola and gave the stock a “neutral” rating in a research report on Tuesday, July 12th. Finally, Vetr lowered shares of Coca-Cola from a “hold” rating to a “sell” rating and set a $44.00 price target on the stock. in a research report on Monday, June 6th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp raised its position in Coca-Cola by 10.3% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 346,940 shares of the company’s stock valued at $15,727,000 after buying an additional 32,457 shares during the last quarter. Credit Agricole S A raised its position in Coca-Cola by 5.5% in the first quarter. Credit Agricole S A now owns 4,556,956 shares of the company’s stock valued at $211,397,000 after buying an additional 238,344 shares during the last quarter. Capstone Asset Management Co. raised its position in Coca-Cola by 0.4% in the second quarter. Capstone Asset Management Co. now owns 673,917 shares of the company’s stock valued at $30,549,000 after buying an additional 2,488 shares during the last quarter. Avalon Advisors LLC raised its position in Coca-Cola by 10.3% in the first quarter. Avalon Advisors LLC now owns 661,940 shares of the company’s stock valued at $30,707,000 after buying an additional 62,060 shares during the last quarter. Finally, State Street Corp raised its position in Coca-Cola by 0.9% in the first quarter. State Street Corp now owns 167,467,138 shares of the company’s stock valued at $7,768,816,000 after buying an additional 1,511,559 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.
Coca-Cola (NYSE:KO) opened at 42.03 on Tuesday. Coca-Cola has a 52 week low of $39.36 and a 52 week high of $47.13. The company has a market capitalization of $181.40 billion, a P/E ratio of 24.18 and a beta of 0.57. The firm has a 50 day moving average of $43.16 and a 200-day moving average of $44.63.
Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.69 billion. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. On average, analysts forecast that Coca-Cola will post $1.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.33%. Coca-Cola’s dividend payout ratio (DPR) is presently 80.46%.
Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
Receive News & Stock Ratings for Coca-Cola Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Co. and related stocks with our FREE daily email newsletter.