Royal Bank Of Canada set a $49.00 target price on Coca-Cola Company (The) (NYSE:KO) in a report issued on Sunday morning. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on KO. Vetr raised Coca-Cola Company (The) from a sell rating to a strong-buy rating in a report on Tuesday, September 12th. Susquehanna Bancshares Inc set a $42.00 price target on Coca-Cola Company (The) and gave the company a hold rating in a report on Wednesday, October 18th. Zacks Investment Research raised Coca-Cola Company (The) from a hold rating to a buy rating and set a $52.00 target price on the stock in a report on Friday, October 27th. J P Morgan Chase & Co set a $48.00 target price on Coca-Cola Company (The) and gave the company a neutral rating in a report on Wednesday, October 25th. Finally, Jefferies Group LLC reissued a hold rating and issued a $47.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. Coca-Cola Company (The) has a consensus rating of Hold and an average target price of $47.16.

Shares of Coca-Cola Company (NYSE KO) traded up $0.31 during trading hours on Friday, hitting $46.54. The stock had a trading volume of 8,022,800 shares, compared to its average volume of 11,431,871. The company has a market capitalization of $198,291.45, a P/E ratio of 24.62, a P/E/G ratio of 3.94 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. Coca-Cola Company has a 1 year low of $39.88 and a 1 year high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. sell-side analysts expect that Coca-Cola Company will post 1.9 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian John Smith sold 100,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total value of $4,610,000.00. Following the transaction, the insider now directly owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Argent Trust Co boosted its stake in Coca-Cola Company (The) by 4.1% during the third quarter. Argent Trust Co now owns 60,923 shares of the company’s stock valued at $2,742,000 after buying an additional 2,424 shares during the last quarter. Waters Parkerson & CO. LLC boosted its stake in Coca-Cola Company (The) by 9.5% during the third quarter. Waters Parkerson & CO. LLC now owns 278,379 shares of the company’s stock valued at $12,530,000 after buying an additional 24,252 shares during the last quarter. Private Advisor Group LLC boosted its stake in Coca-Cola Company (The) by 6.9% during the third quarter. Private Advisor Group LLC now owns 263,907 shares of the company’s stock valued at $11,974,000 after buying an additional 17,066 shares during the last quarter. BB&T Investment Services Inc. boosted its stake in Coca-Cola Company (The) by 28.5% during the third quarter. BB&T Investment Services Inc. now owns 70,672 shares of the company’s stock valued at $3,167,000 after buying an additional 15,667 shares during the last quarter. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new position in Coca-Cola Company (The) during the third quarter valued at approximately $7,438,000. 64.92% of the stock is owned by institutional investors.

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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