Coca-Cola Company (The) (KO) Given New $46.00 Price Target at BMO Capital Markets

Coca-Cola Company (The) (NYSE:KO) had its target price lowered by BMO Capital Markets from $47.00 to $46.00 in a report released on Monday, July 31st. BMO Capital Markets currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the stock. UBS AG set a $48.00 price target on shares of Coca-Cola Company (The) and gave the stock a buy rating in a research note on Tuesday, April 18th. Vetr raised shares of Coca-Cola Company (The) from a hold rating to a buy rating and set a $44.81 price target on the stock in a research note on Monday, April 24th. Jefferies Group LLC reissued a neutral rating and set a $45.00 target price on shares of Coca-Cola Company (The) in a research report on Tuesday, April 25th. Credit Suisse Group reissued a buy rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Finally, Stifel Nicolaus reissued a hold rating and set a $41.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, April 24th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $45.70.

Coca-Cola Company (NYSE KO) traded down 0.41% during midday trading on Monday, reaching $45.67. 10,879,794 shares of the company’s stock traded hands. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43. The firm’s 50-day moving average is $45.25 and its 200 day moving average is $43.72. The firm has a market cap of $194.80 billion, a PE ratio of 48.23 and a beta of 0.69.

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

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.24%. Coca-Cola Company (The)’s payout ratio is 154.17%.

In other news, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the completion of the sale, the insider now directly owns 118,000 shares of the company’s stock, valued at $5,333,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Irial Finan sold 354,146 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the sale, the insider now directly owns 780,258 shares of the company’s stock, valued at $35,111,610. The disclosure for this sale can be found here. Insiders sold 750,263 shares of company stock worth $34,134,363 over the last quarter. 1.51% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Cambridge Advisors Inc. increased its stake in Coca-Cola Company (The) by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock valued at $365,000 after buying an additional 26 shares during the last quarter. Alpha Windward LLC increased its stake in Coca-Cola Company (The) by 0.4% in the second quarter. Alpha Windward LLC now owns 7,693 shares of the company’s stock valued at $345,000 after buying an additional 34 shares during the last quarter. Lyell Wealth Management LP increased its stake in Coca-Cola Company (The) by 0.6% in the second quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after buying an additional 50 shares during the last quarter. Regentatlantic Capital LLC increased its stake in Coca-Cola Company (The) by 0.4% in the second quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock valued at $710,000 after buying an additional 64 shares during the last quarter. Finally, Vigilant Capital Management LLC increased its stake in Coca-Cola Company (The) by 1.9% in the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after buying an additional 68 shares during the last quarter. 63.80% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Company (The) Company Profile

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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