Several other research analysts have also recently issued reports on the company. BMO Capital Markets reaffirmed a market perform rating and set a $48.00 price objective (up from $47.00) on shares of The Coca-Cola in a research report on Friday, February 16th. Royal Bank of Canada set a $56.00 price objective on The Coca-Cola and gave the stock a buy rating in a research report on Friday, February 16th. Goldman Sachs Group set a $49.00 price objective on The Coca-Cola and gave the stock a sell rating in a research report on Friday, February 16th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a price objective (up from ) on shares of The Coca-Cola in a research report on Friday, February 16th. Finally, Credit Suisse Group reaffirmed a buy rating on shares of The Coca-Cola in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $49.24.
Shares of The Coca-Cola (NYSE:KO) opened at $43.34 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The Coca-Cola has a 1-year low of $41.40 and a 1-year high of $48.62. The firm has a market capitalization of $184,660.00, a PE ratio of 39.40, a price-to-earnings-growth ratio of 3.61 and a beta of 0.70.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.36 billion. During the same quarter in the prior year, the business earned $0.37 EPS. The Coca-Cola’s revenue was down 20.2% on a year-over-year basis. equities analysts expect that The Coca-Cola will post 2.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.60%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is presently 134.55%.
In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the sale, the insider now directly owns 24,673 shares of the company’s stock, valued at approximately $1,183,070.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ed Hays sold 84,400 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total value of $4,009,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 122,640 shares of company stock valued at $5,800,776 over the last ninety days. 1.51% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Colonial Trust Advisors raised its stake in shares of The Coca-Cola by 13.9% during the 4th quarter. Colonial Trust Advisors now owns 173,692 shares of the company’s stock worth $7,969,000 after buying an additional 21,138 shares in the last quarter. Cedar Hill Associates LLC raised its stake in shares of The Coca-Cola by 9.6% during the 4th quarter. Cedar Hill Associates LLC now owns 18,605 shares of the company’s stock worth $853,000 after buying an additional 1,625 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of The Coca-Cola by 14.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 377,902 shares of the company’s stock worth $17,338,000 after buying an additional 46,672 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of The Coca-Cola by 8.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 783,646 shares of the company’s stock worth $35,951,000 after buying an additional 60,647 shares in the last quarter. Finally, CNB Bank purchased a new position in shares of The Coca-Cola during the 4th quarter worth approximately $1,501,000. 65.13% of the stock is owned by institutional investors.
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About The Coca-Cola
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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