Vetr lowered shares of Coca-Cola Company (The) (NYSE:KO) from a buy rating to a hold rating in a research report report published on Thursday morning. Vetr currently has $42.22 price objective on the stock.

Several other analysts have also commented on KO. Goldman Sachs Group, Inc. (The) set a $44.00 price target on shares of Coca-Cola Company (The) and gave the company a neutral rating in a research report on Tuesday, October 25th. Jefferies Group LLC reaffirmed a hold rating and set a $46.00 price target (up previously from $45.00) on shares of Coca-Cola Company (The) in a research report on Thursday, October 27th. TheStreet lowered shares of Coca-Cola Company (The) from a buy rating to a hold rating in a research report on Wednesday, October 26th. Morningstar, Inc. reaffirmed a buy rating on shares of Coca-Cola Company (The) in a research report on Friday, December 9th. Finally, Deutsche Bank AG lowered shares of Coca-Cola Company (The) from a buy rating to a hold rating and reduced their price target for the company from $48.00 to $44.00 in a research report on Tuesday, December 13th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company. Coca-Cola Company (The) has an average rating of Hold and an average price target of $44.78.

Analyst Recommendations for Coca-Cola Company (The) (NYSE:KO)

Shares of Coca-Cola Company (NYSE:KO) opened at 41.20 on Thursday. The firm’s 50-day moving average price is $41.36 and its 200 day moving average price is $42.06. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $47.13. The company has a market cap of $176.67 billion, a PE ratio of 27.65 and a beta of 0.69.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Thursday, February 9th. The company reported $0.37 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.21 billion. Coca-Cola Company (The) had a net margin of 15.59% and a return on equity of 32.94%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Equities research analysts anticipate that Coca-Cola Company will post $1.89 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be paid a $0.37 dividend. This is an increase from Coca-Cola Company (The)’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 3.59%. Coca-Cola Company (The)’s payout ratio is 93.33%.

Institutional investors have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC increased its position in Coca-Cola Company (The) by 6.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,377 shares of the company’s stock valued at $101,000 after buying an additional 150 shares during the period. Welch Investments LLC acquired a new position in Coca-Cola Company (The) during the fourth quarter valued at approximately $115,000. Lowe fs LLC increased its position in Coca-Cola Company (The) by 28.2% in the third quarter. Lowe fs LLC now owns 2,731 shares of the company’s stock valued at $116,000 after buying an additional 600 shares during the period. Lenox Wealth Management Inc. increased its position in Coca-Cola Company (The) by 38.0% in the second quarter. Lenox Wealth Management Inc. now owns 2,611 shares of the company’s stock valued at $118,000 after buying an additional 719 shares during the period. Finally, Barnett & Company Inc. increased its position in Coca-Cola Company (The) by 27.7% in the third quarter. Barnett & Company Inc. now owns 2,837 shares of the company’s stock valued at $120,000 after buying an additional 616 shares during the period. Institutional investors and hedge funds own 63.88% of the company’s stock.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company’s segments include Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Bottling Investments, and Corporate. It markets, manufactures and sells beverage concentrates referred to as beverage bases, and syrups, including fountain syrups (concentrate business or concentrate operations), and finished sparkling and still beverages (finished product business or finished product operations).

5 Day Chart for NYSE:KO

To view Vetr’s full report, visit Vetr’s official website.

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