Coca-Cola Company (The) (NYSE:KO) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $45.35 price target on the stock. Vetr‘s target price would suggest a potential downside of 0.13% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. BidaskClub cut Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research cut Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Coca-Cola Company (The) in a research note on Friday, July 14th. Cowen and Company reissued a “hold” rating and issued a $42.00 price target on shares of Coca-Cola Company (The) in a research note on Thursday, August 24th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $46.00 price target (up previously from $44.00) on shares of Coca-Cola Company (The) in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. Coca-Cola Company (The) has an average rating of “Hold” and an average target price of $46.39.

Shares of Coca-Cola Company (NYSE KO) traded down 0.18% during midday trading on Monday, reaching $45.41. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98. The firm has a market cap of $193.69 billion, a PE ratio of 47.95 and a beta of 0.70. The stock has a 50 day moving average of $45.68 and a 200 day moving average of $44.75.

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 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 firm had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the previous year, the business earned $0.60 earnings per share. Coca-Cola Company (The)’s revenue for the quarter was down 15.9% compared to the same quarter last year. Analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Coca-Cola Company (The) (KO) Lowered to Hold at Vetr Inc.” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/10/10/coca-cola-company-the-ko-lowered-to-hold-at-vetr-inc.html.

In related news, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was 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 in the company, valued at approximately $6,287,348.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was 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. Over the last 90 days, insiders sold 366,835 shares of company stock valued at $16,874,246. Corporate insiders own 1.51% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of KO. City Holding Co. lifted its holdings in Coca-Cola Company (The) by 1.9% in the 1st quarter. City Holding Co. now owns 163,808 shares of the company’s stock worth $6,950,000 after purchasing an additional 3,044 shares during the last quarter. LGT Capital Partners LTD. lifted its holdings in Coca-Cola Company (The) by 8.0% in the 1st quarter. LGT Capital Partners LTD. now owns 216,850 shares of the company’s stock worth $9,203,000 after purchasing an additional 16,000 shares during the last quarter. Rothschild Investment Corp IL lifted its holdings in Coca-Cola Company (The) by 3.1% in the 1st quarter. Rothschild Investment Corp IL now owns 52,980 shares of the company’s stock worth $2,248,000 after purchasing an additional 1,600 shares during the last quarter. Commonwealth Financial Services LLC lifted its holdings in Coca-Cola Company (The) by 3.8% in the 1st quarter. Commonwealth Financial Services LLC now owns 8,744 shares of the company’s stock worth $372,000 after purchasing an additional 318 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Coca-Cola Company (The) by 37.1% in the 1st quarter. State of Alaska Department of Revenue now owns 305,320 shares of the company’s stock worth $12,957,000 after purchasing an additional 82,670 shares during the last quarter. Hedge funds and other institutional investors own 64.62% 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)

Receive News & Stock Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related stocks with our FREE daily email newsletter.