Other research analysts have also recently issued reports about the company. Citigroup Inc. set a $53.00 target price on Coca-Cola Company (The) and gave the stock a buy rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a buy rating and set a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday, August 2nd. UBS AG lifted their price objective on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a buy rating in a research report on Thursday, July 27th. Credit Suisse Group reaffirmed a buy rating and set a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Finally, Zacks Investment Research raised Coca-Cola Company (The) from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. Coca-Cola Company (The) currently has an average rating of Hold and a consensus price target of $47.54.
Coca-Cola Company (NYSE:KO) traded down $0.84 during trading on Thursday, hitting $45.71. The company had a trading volume of 19,720,700 shares, compared to its average volume of 11,487,206. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $47.48. The stock has a market capitalization of $194,755.08, a PE ratio of 24.18, a PEG ratio of 3.87 and a beta of 0.70.
Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. Coca-Cola Company (The)’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. research analysts anticipate that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 140.95%.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola Company (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 value of $15,578,834.81. Following the completion of the transaction, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.51% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Coca-Cola Company (The) by 5.0% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after purchasing an additional 129 shares during the period. Meeder Asset Management Inc. boosted its holdings in 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 valued at $124,000 after acquiring an additional 1,026 shares during the period. Veritas Investment Management LLP purchased a new position in Coca-Cola Company (The) during the 3rd quarter valued at $135,000. Spectrum Management Group Inc. purchased a new position in Coca-Cola Company (The) during the 3rd quarter valued at $137,000. Finally, Eagle Ridge Investment Management purchased a new position in Coca-Cola Company (The) during the 2nd quarter valued at $138,000. Hedge funds and other institutional investors own 65.09% 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.
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