Recent Research Analysts’ Ratings Updates for The Coca-Cola (KO)
A number of research firms have changed their ratings and price targets for The Coca-Cola (NYSE: KO):
- 10/16/2017 – The Coca-Cola was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Coca-Cola’s increased marketing investments are driving volume growth in stable markets like North America. Moreover, the company is on track to achieve total annualized productivity saving target of approximately $3.8 billion by 2019 from the initiatives implemented under this program since its beginning. Also, Coca-Cola’s new revenue platforms should drive growth over the long term. However, Coca-Cola’s sales are getting affected by declining demand in certain emerging and developing markets and shift in consumer preference. Severe macroeconomic challenges in certain international markets have impacted results for the cola giant, which generates about half of its sales abroad. Moreover, shares of Coca-Cola underperformed its industry since the beginning of the year.”
- 10/13/2017 – The Coca-Cola was given a new $47.00 price target on by analysts at Jefferies Group LLC. They now have a “neutral” rating on the stock.
- 10/9/2017 – The Coca-Cola had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $52.00 price target on the stock, up previously from $50.00.
- 10/9/2017 – The Coca-Cola was downgraded by analysts at Vetr from a “strong-buy” rating to a “hold” rating. They now have a $45.35 price target on the stock.
- 9/28/2017 – The Coca-Cola had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $42.00 price target on the stock.
- 9/27/2017 – The Coca-Cola had its price target raised by analysts at HSBC Holdings plc from $50.00 to $52.00. They now have a “buy” rating on the stock.
- 9/15/2017 – The Coca-Cola is now covered by analysts at Macquarie. They set a “neutral” rating and a $47.00 price target on the stock.
- 9/12/2017 – The Coca-Cola was upgraded by analysts at Vetr from a “sell” rating to a “strong-buy” rating.
- 9/7/2017 – The Coca-Cola had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $47.00 price target on the stock.
- 9/6/2017 – The Coca-Cola had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $49.00 price target on the stock.
- 8/24/2017 – The Coca-Cola had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $42.00 price target on the stock.
Shares of The Coca-Cola Co (NYSE KO) traded down 0.21% during trading on Tuesday, reaching $46.52. 7,699,367 shares of the company’s stock were exchanged. The company’s 50-day moving average is $45.74 and its 200 day moving average is $44.86. The Coca-Cola Co has a 52 week low of $39.88 and a 52 week high of $46.98. The stock has a market capitalization of $198.42 billion, a PE ratio of 49.12 and a beta of 0.70.
The Coca-Cola (NYSE:KO) last posted 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. The company had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. The Coca-Cola had a return on equity of 24.51% and a net margin of 14.14%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. On average, analysts forecast that The Coca-Cola Co will post $1.90 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Thursday, September 14th. The Coca-Cola’s payout ratio is 154.17%.
In related news, insider Robert Edward Long sold 26,470 shares of The Coca-Cola stock in a transaction dated 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 sale, the insider now directly owns 45,393 shares in the company, valued at $2,082,630.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian John Smith sold 100,000 shares of The Coca-Cola stock in a transaction dated 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 sale, the insider now owns 136,385 shares in the company, valued at $6,287,348.50. The disclosure for this sale can be found here. Insiders sold 366,835 shares of company stock worth $16,874,246 over the last quarter. 1.51% of the stock is currently owned by company insiders.
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.
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