Citigroup Inc. set a $53.00 price objective on Coca-Cola Company (The) (NYSE:KO) in a research report released on Thursday morning. The firm currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the stock. UBS AG set a $48.00 price objective on shares of Coca-Cola Company (The) and gave the company a buy rating in a research report on Tuesday, April 18th. Jefferies Group LLC set a $47.00 price objective on shares of Coca-Cola Company (The) and gave the company a neutral rating in a research report on Thursday, July 27th. BidaskClub upgraded shares of Coca-Cola Company (The) from a sell rating to a hold rating in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a buy rating and set a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of Coca-Cola Company (The) from a buy rating to a hold rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $45.62.

Shares of Coca-Cola Company (KO) traded down 0.37% during mid-day trading on Thursday, hitting $45.50. 9,523,593 shares of the company traded hands. The firm’s 50 day moving average price is $45.06 and its 200-day moving average price is $43.37. The stock has a market capitalization of $194.07 billion, a PE ratio of 48.05 and a beta of 0.69. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.42.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company’s revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. On average, equities research analysts forecast that Coca-Cola Company will post $1.90 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.

In related news, insider Irial Finan sold 354,146 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the sale, the insider now directly owns 780,258 shares in the company, valued at approximately $35,111,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Randazza sold 24,156 shares of Coca-Cola Company (The) stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the completion of the sale, the insider now owns 26,567 shares of the company’s stock, valued at $1,222,347.67. The disclosure for this sale can be found here. Insiders sold a total of 693,822 shares of company stock worth $31,311,106 over the last 90 days. Company insiders own 1.51% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. Portfolio Solutions LLC acquired a new position in Coca-Cola Company (The) during the first quarter worth about $108,000. Signature Estate & Investment Advisors LLC raised its position in Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares in the last quarter. Meeder Asset Management Inc. raised its position in Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after buying an additional 1,026 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in Coca-Cola Company (The) during the fourth quarter worth about $127,000. Finally, Perkins Coie Trust Co raised its position in Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after buying an additional 572 shares in the last quarter. Institutional investors own 63.76% of the company’s stock.

Coca-Cola Company (The) Company Profile

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.

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

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