KO has been the subject of several other reports. Barclays reissued a buy rating and issued a $50.00 price target on shares of The Coca-Cola in a research report on Friday, October 5th. Zacks Investment Research lowered The Coca-Cola from a hold rating to a sell rating in a research report on Thursday, October 4th. JPMorgan Chase & Co. reissued a $45.12 rating and issued a $49.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 18th. HSBC reissued a buy rating and issued a $64.00 price target on shares of The Coca-Cola in a research report on Wednesday, October 31st. Finally, Jefferies Financial Group set a $48.00 price target on The Coca-Cola and gave the stock a neutral rating in a research report on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $51.43.
Shares of KO traded up $0.35 during trading hours on Friday, hitting $49.68. The company had a trading volume of 12,398,061 shares, compared to its average volume of 16,167,808. The firm has a market cap of $210.61 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 3.23 and a beta of 0.60. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. The Coca-Cola has a one year low of $41.45 and a one year high of $49.89.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.20 billion. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. On average, equities research analysts forecast that The Coca-Cola will post 2.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.56 annualized dividend and a yield of 3.14%. The Coca-Cola’s dividend payout ratio (DPR) is 81.68%.
In other The Coca-Cola news, SVP James L. Dinkins sold 8,754 shares of the business’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the sale, the senior vice president now owns 28,354 shares in the company, valued at approximately $1,331,220.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian John Smith sold 43,000 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $48.00, for a total value of $2,064,000.00. Following the sale, the insider now owns 123,908 shares in the company, valued at approximately $5,947,584. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 176,354 shares of company stock worth $8,559,188. 1.48% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Schulhoff & Co. Inc. grew its stake in The Coca-Cola by 1.2% during the 3rd quarter. Schulhoff & Co. Inc. now owns 86,940 shares of the company’s stock valued at $4,015,000 after purchasing an additional 1,015 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of The Coca-Cola by 6.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 18,354 shares of the company’s stock valued at $848,000 after buying an additional 1,080 shares during the period. Hayek Kallen Investment Management lifted its holdings in shares of The Coca-Cola by 1.3% in the 3rd quarter. Hayek Kallen Investment Management now owns 86,843 shares of the company’s stock valued at $3,772,000 after buying an additional 1,096 shares during the period. Ascension Asset Management LLC lifted its holdings in shares of The Coca-Cola by 5.3% in the 2nd quarter. Ascension Asset Management LLC now owns 22,050 shares of the company’s stock valued at $967,000 after buying an additional 1,100 shares during the period. Finally, Country Club Trust Company n.a. lifted its holdings in shares of The Coca-Cola by 3.7% in the 3rd quarter. Country Club Trust Company n.a. now owns 30,995 shares of the company’s stock valued at $1,432,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 65.45% of the company’s stock.
About The Coca-Cola
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 plantbased 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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