Equities researchers at Macquarie began coverage on shares of Coca-Cola Company (The) (NYSE:KO) in a research report issued to clients and investors on Friday. The brokerage set a “neutral” rating and a $47.00 price target on the stock. Macquarie’s price target suggests a potential upside of 1.78% from the company’s current price.

KO has been the topic of several other reports. Vetr raised Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. UBS AG increased their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC set a $47.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $46.00 price target (up from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Finally, Morningstar, Inc. reaffirmed a “neutral” rating on shares of Coca-Cola Company (The) in a research report on Monday, May 29th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $45.85.

Coca-Cola Company (NYSE:KO) opened at 46.18 on Friday. The company’s 50-day moving average price is $45.84 and its 200 day moving average price is $44.34. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98. The stock has a market capitalization of $196.97 billion, a P/E ratio of 48.76 and a beta of 0.71.

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

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In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 180,738 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.99, for a total value of $8,312,140.62. Following the completion of the sale, the insider now owns 315,606 shares in the company, valued at approximately $14,514,719.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian John Smith sold 100,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the sale, the insider now owns 136,385 shares of the company’s stock, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,835 shares of company stock valued at $16,874,246. 1.51% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC increased its holdings in shares of Coca-Cola Company (The) by 5.0% during the 1st 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 during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Coca-Cola Company (The) by 59.4% during the 2nd 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 during the last quarter. Almanack Investment Partners LLC. acquired a new stake in shares of Coca-Cola Company (The) during the 2nd quarter worth approximately $142,000. Perkins Coie Trust Co increased its holdings in shares of Coca-Cola Company (The) by 21.9% during the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after buying an additional 572 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Coca-Cola Company (The) by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after buying an additional 264 shares during the last quarter. Institutional investors own 64.68% of the company’s stock.

About Coca-Cola Company (The)

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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