Coca-Cola Company (The) (NYSE:KO) received a $47.00 price objective from analysts at Jefferies Group LLC in a research note issued to investors on Friday. The firm presently has a “neutral” rating on the stock. Jefferies Group LLC’s target price indicates a potential upside of 1.93% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Vetr lowered Coca-Cola Company (The) from a “strong-buy” rating to a “hold” rating and set a $45.35 target price on the stock. in a research note on Monday. Bank of America Corporation reaffirmed a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of Coca-Cola Company (The) in a research note on Monday. Cowen and Company reaffirmed a “hold” rating and issued a $42.00 target price on shares of Coca-Cola Company (The) in a research note on Thursday, September 28th. HSBC Holdings plc upped their target price on Coca-Cola Company (The) from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, September 27th. Finally, Macquarie began coverage on Coca-Cola Company (The) in a research note on Friday, September 15th. They issued a “neutral” rating and a $47.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.39.

Shares of Coca-Cola Company (NYSE:KO) opened at 46.11 on Friday. The company has a 50 day moving average price of $45.71 and a 200 day moving average price of $44.80. The firm has a market cap of $196.67 billion, a PE ratio of 48.69 and a beta of 0.70. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.98.

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

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In related news, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the senior vice president now directly owns 98,718 shares in the company, valued at approximately $4,541,028. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction on Thursday, July 27th. The shares were 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 quarter, insiders sold 366,835 shares of company stock valued at $16,874,246. 1.51% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Indiana Trust & Investment Management CO increased its holdings in Coca-Cola Company (The) by 17.2% in the 3rd quarter. Indiana Trust & Investment Management CO now owns 10,909 shares of the company’s stock valued at $491,000 after purchasing an additional 1,600 shares in the last quarter. Beacon Financial Group increased its holdings in Coca-Cola Company (The) by 1.1% in the 3rd quarter. Beacon Financial Group now owns 183,033 shares of the company’s stock valued at $8,238,000 after purchasing an additional 2,020 shares in the last quarter. Curbstone Financial Management Corp increased its holdings in Coca-Cola Company (The) by 93.9% in the 3rd quarter. Curbstone Financial Management Corp now owns 16,000 shares of the company’s stock valued at $720,000 after purchasing an additional 7,750 shares in the last quarter. Perpetual Ltd increased its holdings in Coca-Cola Company (The) by 4.8% in the 2nd quarter. Perpetual Ltd now owns 43,938 shares of the company’s stock valued at $1,971,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Bogart Wealth LLC increased its holdings in Coca-Cola Company (The) by 11.2% in the 2nd quarter. Bogart Wealth LLC now owns 11,533 shares of the company’s stock valued at $517,000 after purchasing an additional 1,164 shares in 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)

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