BidaskClub lowered shares of Coca-Cola Company (The) (NYSE:KO) from a hold rating to a sell rating in a research report sent to investors on Thursday, July 13th.

KO has been the subject of several other research reports. Wells Fargo & Company restated a market perform rating on shares of Coca-Cola Company (The) in a research note on Monday, March 27th. BMO Capital Markets reiterated a buy rating and issued a $46.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday, April 26th. Sanford C. Bernstein restated a buy rating and set a $48.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, April 10th. Morgan Stanley set a $45.00 price target on Coca-Cola Company (The) and gave the company a neutral rating in a report on Monday, May 29th. Finally, TheStreet raised Coca-Cola Company (The) from a c+ rating to a b rating in a report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. Coca-Cola Company (The) presently has an average rating of Hold and a consensus target price of $45.70.

Coca-Cola Company (NYSE KO) opened at 45.60 on Thursday. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43. The firm has a 50-day moving average of $45.10 and a 200-day moving average of $43.42. The firm has a market cap of $194.50 billion, a PE ratio of 48.15 and a beta of 0.69.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The business’s revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. Equities analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is 154.17%.

In related news, insider Irial Finan sold 354,146 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the sale, the insider now directly owns 780,258 shares in the company, valued at $35,111,610. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark Randazza sold 24,156 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. Following the completion of the sale, the insider now owns 26,567 shares of the company’s stock, valued at $1,222,347.67. The disclosure for this sale can be found here. Insiders sold 606,022 shares of company stock worth $27,497,952 in the last ninety days. 1.51% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the company. Marble Harbor Investment Counsel LLC boosted its stake in Coca-Cola Company (The) by 1.0% in the second quarter. Marble Harbor Investment Counsel LLC now owns 167,253 shares of the company’s stock valued at $7,501,000 after buying an additional 1,600 shares during the last quarter. ARGA Investment Management LP boosted its stake in Coca-Cola Company (The) by 61.1% in the second quarter. ARGA Investment Management LP now owns 55,900 shares of the company’s stock valued at $2,507,000 after buying an additional 21,200 shares during the last quarter. Atwood & Palmer Inc. boosted its stake in Coca-Cola Company (The) by 16.6% in the second quarter. Atwood & Palmer Inc. now owns 13,676 shares of the company’s stock valued at $613,000 after buying an additional 1,950 shares during the last quarter. RBO & Co. LLC boosted its stake in Coca-Cola Company (The) by 412.2% in the second quarter. RBO & Co. LLC now owns 115,556 shares of the company’s stock valued at $5,183,000 after buying an additional 92,996 shares during the last quarter. Finally, Crawford Investment Counsel Inc. increased its position in shares of Coca-Cola Company (The) by 13.7% in the second quarter. Crawford Investment Counsel Inc. now owns 896,682 shares of the company’s stock valued at $40,216,000 after buying an additional 108,135 shares during the period. Hedge funds and other institutional investors own 63.68% 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.

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

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