The Coca-Cola Company (NYSE:KO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The Coca-Cola Company (NYSE:KOGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $68.55.

KO has been the subject of several research analyst reports. Argus upped their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Morgan Stanley upped their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Barclays upped their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st.

Check Out Our Latest Analysis on Coca-Cola

Insiders Place Their Bets

In other news, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the transaction, the executive vice president now directly owns 33,638 shares of the company’s stock, valued at approximately $2,129,621.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Monica Howard Douglas sold 8,874 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the completion of the sale, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 223,665 shares of company stock worth $13,995,465. 0.97% of the stock is owned by insiders.

Institutional Investors Weigh In On Coca-Cola

A number of large investors have recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. grew its stake in Coca-Cola by 47.6% in the 1st quarter. Cape Investment Advisory Inc. now owns 17,145 shares of the company’s stock valued at $1,049,000 after acquiring an additional 5,529 shares during the last quarter. Keynote Financial Services LLC acquired a new stake in shares of Coca-Cola during the 1st quarter worth about $982,000. Jackson Wealth Management LLC boosted its stake in shares of Coca-Cola by 14.4% during the 1st quarter. Jackson Wealth Management LLC now owns 53,771 shares of the company’s stock worth $3,290,000 after purchasing an additional 6,768 shares during the last quarter. American Trust boosted its stake in shares of Coca-Cola by 4.9% during the 1st quarter. American Trust now owns 13,683 shares of the company’s stock worth $837,000 after purchasing an additional 638 shares during the last quarter. Finally, OMC Financial Services LTD acquired a new stake in shares of Coca-Cola during the 1st quarter worth about $699,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Trading Up 0.9 %

NYSE KO opened at $62.77 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. Coca-Cola has a 52 week low of $51.55 and a 52 week high of $64.36. The stock has a market capitalization of $270.41 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 3.51 and a beta of 0.59. The firm has a 50 day moving average of $62.21 and a two-hundred day moving average of $60.60.

Coca-Cola (NYSE:KOGet Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts expect that Coca-Cola will post 2.82 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.09%. Coca-Cola’s payout ratio is currently 77.60%.

About Coca-Cola

(Get Free Report

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Analyst Recommendations for Coca-Cola (NYSE:KO)

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