Deutsche Bank AG reaffirmed their hold rating on shares of Coca-Cola Company (The) (NYSE:KO) in a research report report published on Thursday morning. They currently have a $46.00 price objective on the stock, up from their prior price objective of $44.00.

A number of other research analysts also recently issued reports on KO. UBS AG set a $48.00 target price on shares of Coca-Cola Company (The) and gave the company a buy rating in a research report on Tuesday, April 18th. Credit Suisse Group restated a buy rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Jefferies Group LLC set a $47.00 target price on shares of Coca-Cola Company (The) and gave the company a neutral rating in a research report on Thursday. Susquehanna Bancshares Inc set a $39.00 target price on shares of Coca-Cola Company (The) and gave the company a hold rating in a research report on Wednesday, July 26th. Finally, Zacks Investment Research downgraded shares of Coca-Cola Company (The) from a buy rating to a hold rating in a research report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $45.48.

Coca-Cola Company (NYSE:KO) traded down 0.0319% during mid-day trading on Thursday, hitting $45.9953. 4,173,879 shares of the company were exchanged. The stock has a market cap of $196.18 billion, a P/E ratio of 48.5695 and a beta of 0.69. The company has a 50 day moving average of $45.04 and a 200 day moving average of $43.27. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.22%. Coca-Cola Company (The)’s payout ratio is 154.17%.

In other news, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the senior vice president now directly owns 98,718 shares of the company’s stock, valued at approximately $4,541,028. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider J Alexander Douglas, Jr. sold 22,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $43.25, for a total transaction of $951,500.00. Following the transaction, the insider now directly owns 319,436 shares of the company’s stock, valued at $13,815,607. The disclosure for this sale can be found here. Insiders have sold a total of 527,384 shares of company stock valued at $23,596,188 over the last ninety days. Company insiders own 1.51% of the company’s stock.

Several institutional investors have recently modified their holdings of KO. Portfolio Solutions LLC acquired a new position in shares of Coca-Cola Company (The) during the first quarter valued at $108,000. Signature Estate & Investment Advisors LLC boosted its position in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at $127,000. Finally, Perkins Coie Trust Co boosted its position in shares of Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after buying an additional 572 shares in the last quarter. 63.76% of the stock is owned by institutional investors.

Coca-Cola Company (The) Company Profile

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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