Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. restated a $45.12 rating and set a $49.00 target price on shares of The Coca-Cola in a report on Wednesday, July 18th. TheStreet upgraded shares of The Coca-Cola from a c+ rating to a b- rating in a report on Tuesday, July 17th. Morningstar set a $49.00 target price on shares of The Coca-Cola and gave the stock a buy rating in a report on Wednesday, August 8th. SunTrust Banks boosted their target price on shares of The Coca-Cola to $55.00 and gave the stock a buy rating in a report on Thursday, July 26th. Finally, 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. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. The Coca-Cola has an average rating of Hold and an average price target of $50.71.
Shares of KO opened at $45.88 on Thursday. The firm has a market cap of $197.04 billion, a P/E ratio of 24.02, a PEG 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 debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.15.
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 business had revenue of $8.90 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. On average, analysts predict that The Coca-Cola will post 2.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 14th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 3.40%. The Coca-Cola’s dividend payout ratio (DPR) is 81.68%.
In other news, insider John Murphy sold 56,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 140,869 shares of the company’s stock, valued at $6,547,591.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kathy N. Waller sold 48,354 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were 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 directly owns 200,725 shares of the company’s stock, valued at approximately $9,323,676.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 215,822 shares of company stock valued at $10,027,727. Company insiders own 1.48% of the company’s stock.
Several institutional investors have recently made changes to their positions in KO. Ascension Asset Management LLC lifted its position in The Coca-Cola by 5.3% during the second quarter. Ascension Asset Management LLC now owns 22,050 shares of the company’s stock worth $967,000 after purchasing an additional 1,100 shares during the period. Jag Capital Management LLC lifted its position in The Coca-Cola by 3.3% during the second quarter. Jag Capital Management LLC now owns 34,844 shares of the company’s stock worth $1,528,000 after purchasing an additional 1,116 shares during the period. Bontempo Ohly Capital Mgmt LLC lifted its position in The Coca-Cola by 1.7% during the second quarter. Bontempo Ohly Capital Mgmt LLC now owns 70,938 shares of the company’s stock worth $3,111,000 after purchasing an additional 1,172 shares during the period. Accurate Investment Solutions Inc. lifted its position in The Coca-Cola by 1.4% during the third quarter. Accurate Investment Solutions Inc. now owns 85,659 shares of the company’s stock worth $3,957,000 after purchasing an additional 1,173 shares during the period. Finally, Gradient Investments LLC lifted its position in The Coca-Cola by 0.9% during the second quarter. Gradient Investments LLC now owns 147,766 shares of the company’s stock worth $6,481,000 after purchasing an additional 1,248 shares during the period. 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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