Cowen and Company reiterated their hold rating on shares of Coca-Cola Company (The) (NYSE:KO) in a research note published on Thursday. Cowen and Company currently has a $42.00 price target on the stock.

A number of other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Coca-Cola Company (The) from a hold rating to a buy rating and set a $51.00 price target for the company in a research report on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 price objective on shares of Coca-Cola Company (The) and gave the stock a buy rating in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a buy rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. UBS AG increased their price objective on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a buy rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Coca-Cola Company (The) currently has a consensus rating of Hold and an average price target of $46.12.

Coca-Cola Company (KO) opened at 45.01 on Thursday. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. The stock has a market cap of $191.98 billion, a price-to-earnings ratio of 47.53 and a beta of 0.70. The firm has a 50-day moving average price of $45.85 and a 200-day moving average price of $44.43.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. Coca-Cola Company (The)’s revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, equities analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is currently 154.17%.

In other Coca-Cola Company (The) news, insider Brian John Smith sold 100,000 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the transaction, the insider now directly owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert Edward Long sold 26,470 shares of Coca-Cola Company (The) stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $45.88, for a total transaction of $1,214,443.60. Following the transaction, the insider now directly owns 45,393 shares in the company, valued at $2,082,630.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 366,835 shares of company stock valued at $16,874,246. 1.51% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in KO. North American Management Corp lifted its holdings in shares of Coca-Cola Company (The) by 10.3% during the 2nd quarter. North American Management Corp now owns 6,435 shares of the company’s stock valued at $289,000 after acquiring an additional 600 shares in the last quarter. Shell Asset Management Co. boosted its position in Coca-Cola Company (The) by 0.5% during the 1st quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after purchasing an additional 4,101 shares during the period. Guinness Asset Management Ltd boosted its position in Coca-Cola Company (The) by 13.4% during the 1st quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after purchasing an additional 27,560 shares during the period. Montecito Bank & Trust boosted its position in Coca-Cola Company (The) by 90.2% during the 1st quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after purchasing an additional 60,258 shares during the period. Finally, BB&T Corp boosted its position in Coca-Cola Company (The) by 9.5% during the 2nd quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after purchasing an additional 78,932 shares during the period. 64.62% 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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