Macquarie began coverage on shares of Coca-Cola Company (The) (NYSE:KO) in a research note released on Friday morning. The brokerage issued a neutral rating and a $47.00 price target on the stock.

Several other equities research analysts also recently issued reports on KO. Vetr upgraded shares of Coca-Cola Company (The) from a sell rating to a strong-buy rating in a research note on Tuesday. Jefferies Group LLC set a $47.00 target price on shares of Coca-Cola Company (The) and gave the company a neutral rating in a research note on Thursday, July 27th. UBS AG raised their target price on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a buy rating in a research note on Thursday, July 27th. Deutsche Bank AG reiterated a hold rating and issued a $46.00 target price (up from $44.00) on shares of Coca-Cola Company (The) in a research note on Thursday, July 27th. Finally, Morningstar, Inc. reiterated a neutral rating on shares of Coca-Cola Company (The) in a research note on Monday, May 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Coca-Cola Company (The) currently has an average rating of Hold and a consensus price target of $45.85.

Shares of Coca-Cola Company (KO) traded up 0.15% during mid-day trading on Friday, hitting $46.18. The company’s stock had a trading volume of 16,141,413 shares. The stock has a market cap of $196.97 billion, a PE ratio of 48.76 and a beta of 0.71. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.98. The company has a 50-day moving average price of $45.84 and a 200-day moving average price of $44.34.

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

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

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 180,738 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.99, for a total transaction of $8,312,140.62. Following the sale, the insider now owns 315,606 shares of the company’s stock, valued at $14,514,719.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the sale, the insider now directly owns 136,385 shares in the company, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 366,835 shares of company stock worth $16,874,246. Insiders own 1.51% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Advisors Inc. grew its stake in shares of Coca-Cola Company (The) by 0.3% during the second quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock worth $365,000 after buying an additional 26 shares during the last quarter. Alpha Windward LLC grew its stake in shares of Coca-Cola Company (The) by 0.4% during the second quarter. Alpha Windward LLC now owns 7,693 shares of the company’s stock worth $345,000 after buying an additional 34 shares during the last quarter. Lyell Wealth Management LP grew its stake in shares of Coca-Cola Company (The) by 0.6% during the second quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock worth $359,000 after buying an additional 50 shares during the last quarter. Regentatlantic Capital LLC grew its stake in shares of Coca-Cola Company (The) by 0.4% during the second quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock worth $710,000 after buying an additional 64 shares during the last quarter. Finally, Vigilant Capital Management LLC grew its stake in shares of Coca-Cola Company (The) by 1.9% during the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock worth $161,000 after buying an additional 68 shares during the last quarter. 64.68% of the stock is currently 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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