Jefferies Financial Group reissued their hold rating on shares of The Coca-Cola (NYSE:KO) in a research note released on Monday morning. They currently have a $46.00 target price on the stock.
Several other equities research analysts also recently commented on KO. Credit Suisse Group initiated coverage on shares of The Coca-Cola in a research note on Wednesday, March 6th. They issued a neutral rating and a $48.00 target price on the stock. Zacks Investment Research downgraded shares of The Coca-Cola from a hold rating to a sell rating in a research note on Friday, February 22nd. Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the company a hold rating in a research note on Friday, February 15th. ValuEngine downgraded shares of The Coca-Cola from a buy rating to a hold rating in a research note on Friday, February 15th. Finally, UBS Group restated a neutral rating and issued a $50.00 target price on shares of The Coca-Cola in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $50.60.
Get The Coca-Cola alerts:Shares of The Coca-Cola stock opened at $45.70 on Monday. The firm has a market capitalization of $196.44 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.51. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.95 and a current ratio of 1.05. The Coca-Cola has a 52-week low of $41.45 and a 52-week high of $50.84.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Thursday, February 14th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.07 billion. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. Analysts expect that The Coca-Cola will post 2.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a dividend of $0.40 per share. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.60 annualized dividend and a yield of 3.50%. The Coca-Cola’s dividend payout ratio is 75.00%.
In other The Coca-Cola news, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $48.50, for a total transaction of $485,000.00. Following the transaction, the senior vice president now directly owns 92,645 shares in the company, valued at approximately $4,493,282.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Beatriz R. Perez sold 21,742 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the transaction, the insider now owns 92,645 shares in the company, valued at $4,517,370.20. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in KO. Norges Bank acquired a new position in The Coca-Cola during the 4th quarter valued at about $1,717,527,000. Capital International Investors lifted its position in The Coca-Cola by 81.9% during the 3rd quarter. Capital International Investors now owns 63,196,570 shares of the company’s stock valued at $2,919,050,000 after purchasing an additional 28,445,747 shares during the period. Oregon Public Employees Retirement Fund lifted its position in The Coca-Cola by 4,577.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,634,956 shares of the company’s stock valued at $415,000 after purchasing an additional 19,215,135 shares during the period. FMR LLC lifted its position in The Coca-Cola by 22.2% during the 4th quarter. FMR LLC now owns 61,139,629 shares of the company’s stock valued at $2,894,961,000 after purchasing an additional 11,126,961 shares during the period. Finally, BlackRock Inc. lifted its position in The Coca-Cola by 2.9% during the 4th quarter. BlackRock Inc. now owns 253,865,694 shares of the company’s stock valued at $12,020,541,000 after purchasing an additional 7,272,015 shares during the period. Institutional investors own 66.99% of the company’s stock.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
Featured Article: How to Track your Portfolio in Google Finance
No comments:
Post a Comment