Coca-Cola Co. (KO) Rating Lowered to Buy at Vetr Inc.
Coca-Cola Co. (NYSE:KO) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They currently have a $46.50 price objective on the stock. Vetr‘s price target indicates a potential upside of 13.00% from the stock’s current price.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Coca-Cola from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Independent Research GmbH set a $38.00 target price on shares of Coca-Cola and gave the stock a “sell” rating in a report on Monday, August 1st. RBC Capital Markets set a $49.00 target price on shares of Coca-Cola and gave the stock a “buy” rating in a report on Thursday, October 13th. Credit Suisse Group AG initiated coverage on shares of Coca-Cola in a report on Thursday, September 15th. They issued a “neutral” rating and a $44.00 target price on the stock. Finally, SunTrust Banks Inc. restated a “buy” rating on shares of Coca-Cola in a report on Sunday, July 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $46.92.
Shares of Coca-Cola (NYSE:KO) opened at 41.15 on Monday. The stock’s 50 day moving average price is $41.80 and its 200-day moving average price is $43.47. Coca-Cola has a one year low of $40.63 and a one year high of $47.13. The company has a market cap of $177.48 billion, a PE ratio of 24.95 and a beta of 0.68.
Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, October 26th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 16.99% and a return on equity of 32.47%. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.47 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. On average, analysts expect that Coca-Cola will post $1.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is currently 84.85%.
ILLEGAL ACTIVITY WARNING: This piece of content was published by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this piece of content can be accessed at http://www.dailypolitical.com/2016/11/30/coca-cola-co-ko-rating-lowered-to-buy-at-vetr-inc.html.
In other news, VP Kathy N. Waller sold 36,342 shares of the firm’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $42.06, for a total transaction of $1,528,544.52. Following the sale, the vice president now owns 104,345 shares in the company, valued at approximately $4,388,750.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.54% of the company’s stock.
Several hedge funds have recently bought and sold shares of KO. Euclid Advisors LLC boosted its stake in Coca-Cola by 125.5% in the first quarter. Euclid Advisors LLC now owns 458,008 shares of the company’s stock valued at $21,247,000 after buying an additional 254,888 shares during the period. Avalon Advisors LLC boosted its stake in Coca-Cola by 10.3% in the first quarter. Avalon Advisors LLC now owns 661,940 shares of the company’s stock valued at $30,707,000 after buying an additional 62,060 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in Coca-Cola by 4.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 545,414 shares of the company’s stock valued at $25,315,000 after buying an additional 21,624 shares during the period. Squarepoint Ops LLC bought a new stake in Coca-Cola during the first quarter valued at $2,681,000. Finally, Arizona State Retirement System boosted its stake in Coca-Cola by 1.2% in the first quarter. Arizona State Retirement System now owns 1,670,879 shares of the company’s stock valued at $77,512,000 after buying an additional 19,900 shares during the period. Hedge funds and other institutional investors own 62.83% of the company’s stock.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Coca-Cola Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Co. and related companies with MarketBeat.com's FREE daily email newsletter.