Jefferies Group LLC set a $47.00 price target on Coca-Cola Company (The) (NYSE:KO) in a report issued on Thursday morning. The firm currently has a neutral rating on the stock. Jefferies Group also issued estimates for Coca-Cola Company (The)’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.91 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $2.11 EPS.

Several other equities analysts have also commented on KO. Sanford C. Bernstein reiterated a buy rating and set a $48.00 price objective on shares of Coca-Cola Company (The) in a research report on Monday, April 10th. UBS AG set a $48.00 price objective on Coca-Cola Company (The) and gave the company a buy rating in a research report on Tuesday, April 18th. Credit Suisse Group upgraded Coca-Cola Company (The) from a neutral rating to an outperform rating and increased their price objective for the company from $44.00 to $49.00 in a research report on Wednesday, April 19th. Zacks Investment Research upgraded Coca-Cola Company (The) from a sell rating to a buy rating and set a $48.00 price objective on the stock in a research report on Friday, April 21st. Finally, Vetr upgraded Coca-Cola Company (The) from a hold rating to a buy rating and set a $44.81 price objective on the stock in a research report on Monday, April 24th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $45.48.

Coca-Cola Company (NYSE KO) traded down 0.0319% during mid-day trading on Thursday, hitting $45.9953. The stock had a trading volume of 4,173,879 shares. The firm has a market cap of $196.18 billion, a PE ratio of 48.5695 and a beta of 0.69. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.43. The company’s 50 day moving average price is $45.04 and its 200 day moving average price is $43.27.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The company’s revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. Analysts anticipate 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. Stockholders of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is presently 154.17%.

In other news, insider Mark Randazza sold 24,156 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.01, for a total value of $1,111,417.56. Following the completion of the transaction, the insider now owns 26,567 shares in the company, valued at approximately $1,222,347.67. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $460,000.00. Following the completion of the transaction, the senior vice president now owns 98,718 shares of the company’s stock, valued at approximately $4,541,028. The disclosure for this sale can be found here. In the last 90 days, insiders sold 527,384 shares of company stock valued at $23,596,188. 1.51% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in KO. Norges Bank bought a new position in shares of Coca-Cola Company (The) during the fourth quarter worth about $1,486,731,000. Aristotle Capital Management LLC boosted its position in shares of Coca-Cola Company (The) by 17,376.6% in the fourth quarter. Aristotle Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $202,883,000 after buying an additional 4,865,457 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Coca-Cola Company (The) by 66.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,514,228 shares of the company’s stock worth $361,344,000 after buying an additional 3,387,300 shares during the last quarter. AMF Pensionsforsakring AB boosted its position in shares of Coca-Cola Company (The) by 281.0% in the fourth quarter. AMF Pensionsforsakring AB now owns 2,793,381 shares of the company’s stock worth $115,814,000 after buying an additional 2,060,259 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Coca-Cola Company (The) by 1.2% in the first quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after buying an additional 2,009,675 shares during the last quarter. Institutional investors and hedge funds own 63.76% of the company’s stock.

About Coca-Cola Company (The)

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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