Royal Bank Of Canada reissued their buy rating on shares of Coca-Cola Company (The) (NYSE:KO) in a research note published on Wednesday. They currently have a $49.00 price objective on the stock.

A number of other analysts have also recently issued reports on the stock. BidaskClub cut shares of Coca-Cola Company (The) from a buy rating to a hold rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Coca-Cola Company (The) from a hold rating to a buy rating and set a $51.00 price objective for the company in a research note on Tuesday, June 27th. 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 15th. Stifel Nicolaus reissued a hold rating and issued a $45.00 price objective on shares of Coca-Cola Company (The) in a research note on Friday, July 14th. Finally, Cowen and Company reissued a hold rating and issued a $42.00 price objective on shares of Coca-Cola Company (The) in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $45.79.

Coca-Cola Company (KO) traded up 0.04% on Wednesday, reaching $46.30. 10,534,915 shares of the company were exchanged. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43. The firm has a market capitalization of $197.48 billion, a P/E ratio of 48.89 and a beta of 0.71. The firm has a 50-day moving average of $45.69 and a 200 day moving average of $44.17.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was down 15.9% on a year-over-year basis. On average, equities analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.20%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 154.17%.

In other Coca-Cola Company (The) news, VP Kathy N. Waller sold 8,952 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $45.77, for a total transaction of $409,733.04. Following the completion of the transaction, the vice president now owns 109,508 shares in the company, valued at $5,012,181.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the transaction, the insider now owns 118,000 shares of the company’s stock, valued at approximately $5,333,600. The disclosure for this sale can be found here. Insiders have sold 396,117 shares of company stock valued at $18,197,793 in the last quarter. 1.51% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Portfolio Solutions LLC bought a new position in Coca-Cola Company (The) during the first quarter valued at $108,000. Signature Estate & Investment Advisors LLC lifted its position in Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after purchasing an additional 129 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Coca-Cola Company (The) by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares during the last quarter. Eagle Ridge Investment Management bought a new position in Coca-Cola Company (The) during the second quarter valued at $138,000. Finally, SRS Capital Advisors Inc. lifted its position in Coca-Cola Company (The) by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 64.68% of the company’s stock.

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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