Vetr cut shares of Coca-Cola Company (The) (NYSE:KO) from a hold rating to a sell rating in a report published on Monday, June 5th. Vetr currently has $44.58 target price on the stock.

A number of other analysts have also issued reports on the stock. Credit Suisse Group reiterated a buy rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research note on Thursday, April 27th. Zacks Investment Research raised Coca-Cola Company (The) from a sell rating to a buy rating and set a $48.00 price objective for the company in a report on Friday, April 21st. Wells Fargo & Company reaffirmed a market perform rating and set a $43.00 price target on shares of Coca-Cola Company (The) in a report on Friday, April 28th. Morgan Stanley raised their price target on Coca-Cola Company (The) from $42.00 to $44.00 and gave the company an equal weight rating in a research report on Wednesday, April 26th. Finally, Bank of America Corporation increased their price objective on Coca-Cola Company (The) from $47.00 to $48.00 and gave the company a buy rating in a research note on Wednesday, April 26th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. Coca-Cola Company (The) currently has an average rating of Hold and a consensus price target of $44.72.

Coca-Cola Company (NYSE KO) traded down 0.4488% during mid-day trading on Monday, hitting $45.0967. 1,905,088 shares of the stock traded hands. The company’s 50 day moving average is $44.42 and its 200 day moving average is $42.47. The company has a market cap of $192.68 billion, a P/E ratio of 31.7359 and a beta of 0.70. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.06.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 25th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.01. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.85 billion. Coca-Cola Company (The) had a net margin of 15.30% and a return on equity of 33.17%. The company’s revenue was down 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, analysts expect that Coca-Cola Company will post $1.89 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, June 13th. Coca-Cola Company (The)’s dividend payout ratio is 103.50%.

In related news, insider J Alexander Douglas, Jr. sold 22,000 shares of Coca-Cola Company (The) stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $43.25, for a total value of $951,500.00. Following the sale, the insider now owns 319,436 shares of the company’s stock, valued at $13,815,607. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian John Smith sold 87,800 shares of Coca-Cola Company (The) stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $43.43, for a total value of $3,813,154.00. Following the transaction, 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 a total of 463,946 shares of company stock worth $20,701,224 in the last three months. Company insiders own 1.51% of the company’s stock.

Large investors have recently modified their holdings of the company. ETRADE Capital Management LLC increased its stake in Coca-Cola Company (The) 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 during the last quarter. Mcmillion Capital Management Inc. increased its position in shares of Coca-Cola Company (The) by 5.0% in the third quarter. Mcmillion Capital Management Inc. now owns 43,434 shares of the company’s stock valued at $1,838,000 after buying an additional 2,087 shares in the last quarter. IFM Investors Pty Ltd purchased a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at approximately $2,170,000. Lyell Wealth Management LP purchased a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at approximately $328,000. Finally, Federated Investors Inc. PA increased its position in shares of Coca-Cola Company (The) by 40.5% in the fourth quarter. Federated Investors Inc. PA now owns 16,587,254 shares of the company’s stock valued at $687,708,000 after buying an additional 4,778,914 shares in the last quarter. Institutional investors own 64.64% of the company’s stock.

About Coca-Cola Company (The)

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.

To view Vetr’s full report, visit Vetr’s official website.

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