A number of other analysts have also recently weighed in on the stock. Morgan Stanley set a $49.00 target price on shares of The Coca-Cola and gave the stock a neutral rating in a report on Wednesday, August 29th. Royal Bank of Canada set a $56.00 target price on shares of The Coca-Cola and gave the stock a buy rating in a report on Wednesday, July 25th. Argus upgraded shares of The Coca-Cola to a hold rating in a research report on Friday, August 24th. Macquarie set a $47.00 price target on shares of The Coca-Cola and gave the company a neutral rating in a research report on Friday, September 14th. Finally, Jefferies Financial Group restated a hold rating and issued a $48.00 price target on shares of The Coca-Cola in a research report on Friday, August 31st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $50.71.
Shares of NYSE:KO opened at $45.88 on Friday. The company has a market cap of $197.04 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 2.85 and a beta of 0.74. The Coca-Cola has a 1-year low of $41.45 and a 1-year high of $48.62. The company has a quick ratio of 1.06, a current ratio of 1.15 and a debt-to-equity ratio of 1.39.
The Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, July 25th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.54 billion. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. As a group, sell-side analysts anticipate that The Coca-Cola will post 2.07 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 3.40%. The Coca-Cola’s payout ratio is presently 81.68%.
In other The Coca-Cola news, insider John Murphy sold 56,000 shares of the firm’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $46.48, for a total value of $2,602,880.00. Following the sale, the insider now directly owns 140,869 shares in the company, valued at approximately $6,547,591.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kathy N. Waller sold 48,354 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the completion of the sale, the vice president now owns 200,725 shares in the company, valued at $9,323,676.25. The disclosure for this sale can be found here. Insiders sold a total of 215,822 shares of company stock worth $10,027,727 over the last quarter. 1.48% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. C WorldWide Group Holding A S lifted its holdings in The Coca-Cola by 873.0% during the 2nd quarter. C WorldWide Group Holding A S now owns 7,630,919 shares of the company’s stock valued at $334,692,000 after purchasing an additional 6,846,641 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in The Coca-Cola during the 2nd quarter valued at about $206,654,000. Natixis lifted its holdings in The Coca-Cola by 218.3% during the 2nd quarter. Natixis now owns 4,080,146 shares of the company’s stock valued at $178,955,000 after purchasing an additional 2,798,257 shares during the last quarter. Unigestion Holding SA bought a new position in The Coca-Cola during the 2nd quarter valued at about $78,078,000. Finally, Putnam Investments LLC lifted its holdings in The Coca-Cola by 672.2% during the 2nd quarter. Putnam Investments LLC now owns 1,953,944 shares of the company’s stock valued at $85,700,000 after purchasing an additional 1,700,897 shares during the last quarter. 65.31% of the stock is owned by institutional investors.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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