Several other research firms have also commented on KO. Zacks Investment Research raised shares of The Coca-Cola from a hold rating to a buy rating and set a $54.00 price target for the company in a research report on Wednesday, May 8th. Goldman Sachs Group reissued a neutral rating and set a $47.00 price target on shares of The Coca-Cola in a research report on Thursday, February 14th. UBS Group increased their price target on shares of The Coca-Cola from $50.00 to $52.00 and gave the company a neutral rating in a research report on Wednesday, April 24th. Citigroup lowered shares of The Coca-Cola from a buy rating to a neutral rating and decreased their price target for the company from $56.00 to $50.00 in a research report on Thursday, February 14th. Finally, Royal Bank of Canada reissued a buy rating and set a $56.00 price target on shares of The Coca-Cola in a research report on Wednesday, February 13th. Fourteen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The Coca-Cola presently has an average rating of Hold and an average target price of $51.15.
NYSE:KO traded down $0.38 during mid-day trading on Thursday, reaching $49.20. The company’s stock had a trading volume of 11,256,899 shares, compared to its average volume of 15,035,686. The Coca-Cola has a 1 year low of $41.93 and a 1 year high of $50.84. The firm has a market cap of $209.80 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 3.31 and a beta of 0.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The company had revenue of $8 billion during the quarter, compared to analyst estimates of $7.89 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts anticipate that The Coca-Cola will post 2.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.60 annualized dividend and a dividend yield of 3.25%. The Coca-Cola’s dividend payout ratio (DPR) is currently 76.92%.
In other news, VP Bernhard Goepelt sold 13,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $48.96, for a total transaction of $636,480.00. Following the transaction, the vice president now owns 151,504 shares in the company, valued at $7,417,635.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Francisco Crespo sold 16,426 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $49.00, for a total transaction of $804,874.00. Following the transaction, the insider now owns 77,109 shares in the company, valued at approximately $3,778,341. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,746 shares of company stock worth $2,559,548. Corporate insiders own 1.33% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc increased its holdings in The Coca-Cola by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock worth $13,351,492,000 after buying an additional 3,918,108 shares during the period. Fox Run Management L.L.C. acquired a new position in The Coca-Cola in the 4th quarter worth approximately $468,000. G&S Capital LLC increased its holdings in The Coca-Cola by 8.4% in the 4th quarter. G&S Capital LLC now owns 16,714 shares of the company’s stock worth $791,000 after buying an additional 1,301 shares during the period. First Citizens Bank & Trust Co. increased its holdings in The Coca-Cola by 80.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 62,736 shares of the company’s stock worth $2,971,000 after buying an additional 28,057 shares during the period. Finally, Mackey Komara & Dankovich LLC acquired a new position in The Coca-Cola in the 4th quarter worth approximately $109,000. Hedge funds and other institutional investors own 67.99% of the company’s stock.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantbased beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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