Coca-Cola Company (The) (NYSE:KO) had its price target lowered by BMO Capital Markets from $47.00 to $46.00 in a report released on Monday, July 31st. The brokerage currently has a market perform rating on the stock.

Several other equities research analysts have also commented on KO. UBS AG set a $48.00 price objective on shares of Coca-Cola Company (The) and gave the stock a buy rating in a research note on Tuesday, April 18th. Barclays PLC set a $45.00 price objective on shares of Coca-Cola Company (The) and gave the stock a neutral rating in a research note on Monday, May 29th. Jefferies Group LLC set a $47.00 price objective on shares of Coca-Cola Company (The) and gave the stock a neutral rating in a research note on Thursday, July 27th. Goldman Sachs Group, Inc. (The) reissued a sell rating and set a $41.00 price objective on shares of Coca-Cola Company (The) in a research note on Wednesday, April 26th. Finally, BidaskClub lowered shares of Coca-Cola Company (The) from a hold rating to a sell rating in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Coca-Cola Company (The) presently has a consensus rating of Hold and an average target price of $45.70.

Coca-Cola Company (NYSE KO) traded down 0.41% during trading on Monday, hitting $45.67. 10,879,794 shares of the stock were exchanged. The stock has a 50 day moving average of $45.25 and a 200-day moving average of $43.72. The stock has a market cap of $194.80 billion, a P/E ratio of 48.23 and a beta of 0.69. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.43.

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

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.24%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

In other news, insider Brian John Smith sold 100,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total value of $4,610,000.00. Following the completion of the sale, the insider now directly owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Irial Finan sold 354,146 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the completion of the sale, the insider now directly owns 780,258 shares of the company’s stock, valued at $35,111,610. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 750,263 shares of company stock valued at $34,134,363. 1.51% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in KO. WFG Advisors LP boosted its stake in shares of Coca-Cola Company (The) by 20.5% in the second quarter. WFG Advisors LP now owns 14,349 shares of the company’s stock worth $644,000 after buying an additional 2,439 shares during the period. Toronto Dominion Bank boosted its stake in shares of Coca-Cola Company (The) by 23.8% in the second quarter. Toronto Dominion Bank now owns 1,360,388 shares of the company’s stock worth $61,004,000 after buying an additional 261,467 shares during the period. Advisory Services Network LLC boosted its stake in shares of Coca-Cola Company (The) by 65.0% in the second quarter. Advisory Services Network LLC now owns 37,378 shares of the company’s stock worth $1,676,000 after buying an additional 14,726 shares during the period. Beaton Management Co. Inc. purchased a new stake in shares of Coca-Cola Company (The) during the second quarter worth about $836,000. Finally, Fort Pitt Capital Group LLC boosted its stake in shares of Coca-Cola Company (The) by 2.5% in the second quarter. Fort Pitt Capital Group LLC now owns 22,557 shares of the company’s stock worth $1,012,000 after buying an additional 558 shares during the period. 63.80% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Company (The) Company Profile

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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