Stifel Nicolaus Reiterates “Neutral” Rating for Coca-Cola Co. (KO)
Coca-Cola Co. (NYSE:KO)‘s stock had its “neutral” rating reissued by equities researchers at Stifel Nicolaus in a note issued to investors on Friday.
Other analysts have also recently issued reports about the stock. Sanford C. Bernstein set a $49.00 price target on shares of Coca-Cola and gave the stock a “buy” rating in a report on Thursday, July 28th. Deutsche Bank AG restated a “buy” rating on shares of Coca-Cola in a report on Sunday, July 24th. Vetr restated a “buy” rating on shares of Coca-Cola in a report on Thursday, July 28th. SunTrust Banks Inc. restated a “buy” rating on shares of Coca-Cola in a report on Sunday, July 31st. Finally, Citigroup Inc. restated a “buy” rating and set a $50.00 price target on shares of Coca-Cola in a report on Monday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $46.50.
Shares of Coca-Cola (NYSE:KO) opened at 42.03 on Friday. The firm has a market capitalization of $181.40 billion, a price-to-earnings ratio of 24.18 and a beta of 0.59. The company’s 50-day moving average is $43.06 and its 200-day moving average is $44.58. Coca-Cola has a 12-month low of $40.75 and a 12-month high of $47.13.
Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The business earned $11.50 billion during the quarter, compared to analysts’ expectations of $11.69 billion. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. On average, equities analysts forecast that Coca-Cola will post $1.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Tuesday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is presently 80.46%.
Large investors have recently made changes to their positions in the stock. MCF Advisors LLC raised its stake in shares of Coca-Cola by 10.0% in the second quarter. MCF Advisors LLC now owns 2,208 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Coca-Cola by 562.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,483 shares of the company’s stock valued at $113,000 after buying an additional 2,108 shares in the last quarter. Country Trust Bank increased its stake in shares of Coca-Cola by 25.0% in the second quarter. Country Trust Bank now owns 2,500 shares of the company’s stock valued at $113,000 after buying an additional 500 shares in the last quarter. Lenox Wealth Management Inc. increased its stake in shares of Coca-Cola by 38.0% in the second quarter. Lenox Wealth Management Inc. now owns 2,611 shares of the company’s stock valued at $118,000 after buying an additional 719 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its stake in shares of Coca-Cola by 6.8% in the second quarter. Tradewinds Capital Management LLC now owns 2,744 shares of the company’s stock valued at $124,000 after buying an additional 174 shares in the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.
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.
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