Shares of Coca-Cola Company (The) (NYSE:KO) have been assigned an average rating of “Hold” from the twenty-five analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $45.43.

A number of research firms recently commented on KO. Citigroup Inc. set a $53.00 price objective on Coca-Cola Company (The) and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a research note on Wednesday, August 2nd. Zacks Investment Research lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets dropped their price target on Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating on the stock in a research note on Monday, July 31st.

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In related news, insider Francisco Crespo sold 7,700 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $46.01, for a total transaction of $354,277.00. Following the sale, the insider now owns 29,943 shares of the company’s stock, valued at approximately $1,377,677.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer K. Mann sold 8,819 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $45.61, for a total value of $402,234.59. Following the sale, the insider now directly owns 30,553 shares in the company, valued at approximately $1,393,522.33. The disclosure for this sale can be found here. Insiders have sold a total of 614,841 shares of company stock worth $27,900,186 in the last three months. 1.51% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of KO. Hutner Capital Management Inc. raised its position in shares of Coca-Cola Company (The) by 0.4% in the fourth quarter. Hutner Capital Management Inc. now owns 203,659 shares of the company’s stock worth $8,444,000 after buying an additional 771 shares in the last quarter. Hanson & Doremus Investment Management raised its position in shares of Coca-Cola Company (The) by 0.3% in the fourth quarter. Hanson & Doremus Investment Management now owns 59,578 shares of the company’s stock worth $2,470,000 after buying an additional 186 shares in the last quarter. Pinnacle Financial Partners Inc. raised its position in shares of Coca-Cola Company (The) by 29.2% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 119,879 shares of the company’s stock worth $4,970,000 after buying an additional 27,083 shares in the last quarter. RB Capital Management LLC acquired a new position in shares of Coca-Cola Company (The) during the fourth quarter worth $1,022,000. Finally, Lebenthal Asset Management LLC raised its position in shares of Coca-Cola Company (The) by 2.6% in the fourth quarter. Lebenthal Asset Management LLC now owns 179,945 shares of the company’s stock worth $7,460,000 after buying an additional 4,522 shares in the last quarter. 63.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Coca-Cola Company (NYSE KO) traded down 0.33% during mid-day trading on Friday, hitting $45.59. The stock had a trading volume of 8,357,607 shares. The firm has a market capitalization of $194.46 billion, a PE ratio of 48.14 and a beta of 0.69. The stock’s 50-day moving average is $45.14 and its 200-day moving average is $43.57. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.43.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The company 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 firm’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. Equities analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

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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