Vetr upgraded shares of Coca-Cola Co. (NYSE:KO) from a buy rating to a strong-buy rating in a research report report published on Tuesday. They currently have $46.56 price target on the stock.

Several other brokerages have also recently commented on KO. Deutsche Bank AG reaffirmed a buy rating on shares of Coca-Cola in a research report on Sunday, July 24th. Sanford C. Bernstein reaffirmed an outperform rating and issued a $49.00 target price on shares of Coca-Cola in a research report on Wednesday, August 10th. BMO Capital Markets reaffirmed an outperform rating on shares of Coca-Cola in a research report on Friday, July 15th. SunTrust Banks Inc. reaffirmed a buy rating on shares of Coca-Cola in a research report on Sunday, July 31st. Finally, Susquehanna reissued a hold rating on shares of Coca-Cola in a research report on Sunday, July 17th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Coca-Cola currently has a consensus rating of Hold and an average target price of $46.48.

Coca-Cola (NYSE:KO) opened at 41.54 on Tuesday. The firm has a 50-day moving average price of $42.67 and a 200 day moving average price of $44.42. The firm has a market capitalization of $179.29 billion, a P/E ratio of 23.90 and a beta of 0.59. Coca-Cola has a 52-week low of $40.75 and a 52-week high of $47.13.

Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The business had revenue of $11.50 billion for the quarter, compared to analysts’ expectations of $11.69 billion. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. Analysts forecast that Coca-Cola will post $1.91 EPS for the current year.

The business 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. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.40 annualized dividend and a yield of 3.37%. Coca-Cola’s dividend payout ratio is currently 80.46%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New England Private Wealth Advisors LLC boosted its position in shares of Coca-Cola by 0.5% in the second quarter. New England Private Wealth Advisors LLC now owns 5,358 shares of the company’s stock valued at $242,000 after buying an additional 25 shares in the last quarter. RFG Advisory Group LLC boosted its position in shares of Coca-Cola by 0.7% in the second quarter. RFG Advisory Group LLC now owns 4,709 shares of the company’s stock valued at $213,000 after buying an additional 32 shares in the last quarter. Confluence Wealth Management LLC boosted its position in shares of Coca-Cola by 0.7% in the second quarter. Confluence Wealth Management LLC now owns 4,446 shares of the company’s stock valued at $202,000 after buying an additional 33 shares in the last quarter. Verus Financial Partners Inc. boosted its position in shares of Coca-Cola by 0.5% in the second quarter. Verus Financial Partners Inc. now owns 7,759 shares of the company’s stock valued at $352,000 after buying an additional 41 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of Coca-Cola by 0.7% in the second quarter. Sunbelt Securities Inc. now owns 7,329 shares of the company’s stock valued at $332,000 after buying an additional 51 shares in the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

About Coca-Cola

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.

5 Day Chart for NYSE:KO

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