Vetr upgraded shares of Coca-Cola Company (The) (NYSE:KO) from a sell rating to a strong-buy rating in a research report released on Tuesday.

A number of other research analysts have also recently weighed in on KO. UBS AG lifted their price target on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a buy rating in a research report on Thursday, July 27th. Jefferies Group LLC set a $47.00 target price on shares of Coca-Cola Company (The) and gave the stock a neutral rating in a research report on Thursday, July 27th. Deutsche Bank AG reissued a hold rating and set a $46.00 target price (up from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Morningstar, Inc. reissued a neutral rating on shares of Coca-Cola Company (The) in a research report on Monday, May 29th. Finally, Cowen and Company reaffirmed a hold rating and issued a $42.00 price target on shares of Coca-Cola Company (The) in a report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $45.85.

Shares of Coca-Cola Company (NYSE:KO) opened at 46.18 on Tuesday. The stock has a market cap of $196.97 billion, a PE ratio of 48.76 and a beta of 0.71. The company’s 50-day moving average is $45.84 and its 200 day moving average is $44.34. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.98.

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

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

In other Coca-Cola Company (The) news, insider Francisco Crespo sold 7,700 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $46.01, for a total value of $354,277.00. Following the sale, the insider now owns 29,943 shares in the company, valued at approximately $1,377,677.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kathy N. Waller sold 8,952 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $45.77, for a total value of $409,733.04. Following the completion of the sale, the vice president now owns 109,508 shares in the company, valued at approximately $5,012,181.16. The disclosure for this sale can be found here. Insiders have sold a total of 366,835 shares of company stock worth $16,874,246 in the last quarter. 1.51% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KO. Janus Henderson Group PLC lifted its stake in Coca-Cola Company (The) by 1,117.2% in the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after acquiring an additional 12,243,387 shares in the last quarter. Capital World Investors lifted its stake in Coca-Cola Company (The) by 8.9% in the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after acquiring an additional 11,593,679 shares in the last quarter. Vanguard Group Inc. lifted its stake in Coca-Cola Company (The) by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after acquiring an additional 4,818,963 shares in the last quarter. HS Management Partners LLC bought a new stake in Coca-Cola Company (The) in the 2nd quarter valued at approximately $152,243,000. Finally, Canada Pension Plan Investment Board lifted its stake in Coca-Cola Company (The) by 66.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,514,228 shares of the company’s stock valued at $361,344,000 after acquiring an additional 3,387,300 shares in the last quarter. Hedge funds and other institutional investors 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.

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

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

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