The Coca-Cola Co (NYSE:KO) Given Average Rating of “Hold” by Brokerages

Shares of The Coca-Cola Co (NYSE:KO) have been assigned an average recommendation of “Hold” from the twenty-two analysts that are presently covering the company, Marketbeat reports. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $51.26.

A number of brokerages recently issued reports on KO. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. set a €54.00 ($62.79) price objective on shares of Axel Springer and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Zacks Investment Research upgraded shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, June 4th. Deutsche Bank upped their price objective on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, UBS Group upped their price target on shares of W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a report on Wednesday, April 24th.

NYSE:KO traded down $0.19 during trading hours on Friday, reaching $51.99. The company’s stock had a trading volume of 182,662 shares, compared to its average volume of 10,145,627. The company has a market cap of $222.44 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 3.57 and a beta of 0.50. The Coca-Cola has a one year low of $44.25 and a one year high of $52.47. The business has a 50-day moving average of $51.25. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.89 billion. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The Coca-Cola’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Sell-side analysts forecast that The Coca-Cola will post 2.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.08%. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.

In other news, SVP Robert Edward Long sold 30,412 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $49.97, for a total transaction of $1,519,687.64. Following the completion of the transaction, the senior vice president now owns 57,538 shares of the company’s stock, valued at $2,875,173.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer K. Mann sold 9,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $51.88, for a total transaction of $466,920.00. Following the transaction, the insider now directly owns 41,049 shares of the company’s stock, valued at approximately $2,129,622.12. The disclosure for this sale can be found here. Insiders have sold 316,600 shares of company stock valued at $15,760,365 over the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Prime Capital Investment Advisors LLC purchased a new position in The Coca-Cola in the 1st quarter valued at approximately $28,000. Orrstown Financial Services Inc. lifted its position in The Coca-Cola by 230.8% in the first quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock worth $35,000 after purchasing an additional 517 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in The Coca-Cola in the first quarter worth approximately $35,000. Canton Hathaway LLC lifted its position in The Coca-Cola by 83.5% in the second quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock worth $48,000 after purchasing an additional 430 shares during the period. Finally, PRW Wealth Management LLC acquired a new stake in The Coca-Cola in the fourth quarter worth approximately $50,000. 66.79% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for The Coca-Cola (NYSE:KO)

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