Several other research analysts also recently issued reports on KO. Zacks Investment Research raised Coca-Cola from a sell rating to a hold rating in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. reaffirmed a neutral rating and set a $45.00 price target (down previously from $47.00) on shares of Coca-Cola in a research note on Wednesday, June 29th. BMO Capital Markets reissued an outperform rating on shares of Coca-Cola in a research note on Friday, July 15th. Susquehanna reissued a hold rating on shares of Coca-Cola in a research note on Sunday, July 17th. Finally, Deutsche Bank AG reissued a buy rating on shares of Coca-Cola in a research note on Sunday, July 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Coca-Cola presently has a consensus rating of Hold and a consensus price target of $46.60.
Coca-Cola (NYSE:KO) opened at 41.67 on Tuesday. The company’s 50-day moving average is $42.50 and its 200 day moving average is $44.35. The stock has a market capitalization of $179.85 billion, a PE ratio of 23.98 and a beta of 0.59. Coca-Cola has a 1-year low of $40.75 and a 1-year high of $47.13.
Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The business earned $11.50 billion during the quarter, compared to the consensus estimate of $11.69 billion. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. Equities analysts predict that Coca-Cola will post $1.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Tuesday, September 13th. Coca-Cola’s dividend payout ratio is presently 80.46%.
A number of institutional investors have recently added to or reduced their stakes in the company. Investment Centers of America Inc. raised its position in shares of Coca-Cola by 25.6% in the first quarter. Investment Centers of America Inc. now owns 130,836 shares of the company’s stock worth $6,070,000 after buying an additional 26,651 shares during the last quarter. Wade G W & Inc. raised its position in shares of Coca-Cola by 6.0% in the first quarter. Wade G W & Inc. now owns 149,193 shares of the company’s stock worth $6,921,000 after buying an additional 8,498 shares during the last quarter. RKL Wealth Management LLC acquired a new position in shares of Coca-Cola during the first quarter worth about $779,000. Douglas Lane & Associates LLC acquired a new position in shares of Coca-Cola during the first quarter worth about $5,755,000. Finally, Quantitative Systematic Strategies LLC raised its position in shares of Coca-Cola by 53.0% in the first quarter. Quantitative Systematic Strategies LLC now owns 16,954 shares of the company’s stock worth $789,000 after buying an additional 5,876 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.
Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
To view Vetr’s full report, visit Vetr’s official website.
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