Goldman Sachs Group, Inc. (The) set a $45.00 price target on Coca-Cola Company (The) (NYSE:KO) in a research note published on Tuesday. The brokerage currently has a sell rating on the stock.

Several other research firms have also issued reports on KO. Jefferies Group LLC set a $47.00 target price on Coca-Cola Company (The) and gave the stock a neutral rating in a report on Friday, October 13th. Royal Bank Of Canada reiterated a buy rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, September 6th. Citigroup Inc. set a $53.00 target price on Coca-Cola Company (The) and gave the stock a buy rating in a report on Thursday, August 3rd. UBS AG upped their target price on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a buy rating in a report on Thursday, July 27th. Finally, upped their target price on Coca-Cola Company (The) from $50.00 to $52.00 and gave the stock a buy rating in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. Coca-Cola Company (The) presently has a consensus rating of Hold and a consensus target price of $47.71.

Coca-Cola Company (KO) traded up $0.06 during mid-day trading on Tuesday, hitting $45.84. The stock had a trading volume of 8,434,400 shares, compared to its average volume of 11,502,318. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $195,308.97, a PE ratio of 24.25, a P/E/G ratio of 3.88 and a beta of 0.70. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $47.48.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. Coca-Cola Company (The)’s revenue for the quarter was down 14.6% compared to the same quarter last year. sell-side analysts anticipate that Coca-Cola Company will post 1.9 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 Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 annualized dividend and a yield of 3.23%. Coca-Cola Company (The)’s dividend payout ratio is 140.95%.

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the sale, the insider now owns 320,013 shares in the company, valued at $14,749,399.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.51% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Financial Group Inc. bought a new position in shares of Coca-Cola Company (The) during the second quarter worth approximately $2,779,000. Global X Management Co. LLC increased its stake in shares of Coca-Cola Company (The) by 6.0% during the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after purchasing an additional 12,513 shares during the period. Montecito Bank & Trust increased its stake in shares of Coca-Cola Company (The) by 90.2% during the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after purchasing an additional 60,258 shares during the period. BB&T Corp increased its stake in shares of Coca-Cola Company (The) by 9.5% during the second quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after purchasing an additional 78,932 shares during the period. Finally, Keystone Financial Planning Inc. increased its stake in shares of Coca-Cola Company (The) by 2.1% during the first quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock worth $5,111,000 after purchasing an additional 2,465 shares during the period. Institutional investors own 65.09% 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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