Bank of America reissued their buy rating on shares of Coca Cola (NYSE: KO) in a report released on Thursday.

“We recently attended an offsite meeting of KO business unit presidents. The meetings provided an opportunity to interact with business unit leaders which enabled us to make the following qualitative observations: 1) Our impression is that managers are generally optimistic about prospects to generate the growth required to achieve the company’s 2020 vision and goals; 2) The continuity of strategy and management may be perceived as “boring” by some investors relative to the myriad of turnaround stories in the food and beverage peer group, however re-accelerating sales and profit growth will enable KO to recapture investor attention; 3) Despite the recent macro headwinds, the company appears committed to maintaining investment in marketing, R&D, and growth capital; 4) There is a willingness to explore adjacent categories via strategic M&A (Santa Clara in Mexico is an example) and investment in innovation; 5) Marketing aroundthe obesity/wellness area is a meaningful component of the strategy and we expect to hear more about this in coming months; 6) Questions regarding ROIC and bottlers suggest to us there is a thoughtful process regarding how best to maximize value and that there is no “one size fits all” answer; 7) Sustainability is integral to overall strategy.,” Bank of America’s analyst wrote.

Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a buy rating on shares of Coca Cola in a research note to investors on Thursday. Separately, analysts at Sanford C. Bernstein reiterated an outperform rating on shares of Coca Cola in a research note to investors on Thursday. They now have a $43.00 price target on the stock. Finally, analysts at Credit Agricole upgraded shares of Coca Cola from an underperform rating to an outperform rating in a research note to investors on Thursday.

Nine equities research analysts have rated the stock with a buy rating, three have assigned an overweight rating, and ten have given a hold rating to the company. Coca Cola presently has an average rating of overweight and a consensus price target of $42.06.

Coca Cola (NYSE: KO) opened at 38.83 on Thursday. Coca Cola has a 52-week low of $34.965 and a 52-week high of $40.665. The stock’s 50-day moving average is currently $38.16. The company has a market cap of $173.1 billion and a price-to-earnings ratio of 19.71.

The company also recently announced a quarterly dividend, which is scheduled for Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, March 13th. This is a boost from Coca Cola’s previous quarterly dividend of $0.26.

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.

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