Coca-Cola Company (The) (NYSE:KO) Rating Reiterated by Jefferies Group LLC

Jefferies Group LLC reaffirmed their hold rating on shares of Coca-Cola Company (The) (NYSE:KO) in a report published on Wednesday, October 25th. They currently have a $47.00 target price on the stock. Jefferies Group also issued estimates for Coca-Cola Company (The)’s Q4 2017 earnings at $0.39 EPS, FY2017 earnings at $1.92 EPS, FY2018 earnings at $1.99 EPS and FY2019 earnings at $2.10 EPS.

“GD’s Q3 beat was driven by a low tax rate, which offset weaker ops at IS&T and.”,” the firm’s analyst wrote.

Other equities research analysts also recently issued research reports about the company. Credit Suisse Group reiterated a buy rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a report on Monday, July 24th. Macquarie began coverage on Coca-Cola Company (The) in a report on Friday, September 15th. They issued a neutral rating and a $47.00 price objective on the stock. Stifel Nicolaus reiterated a hold rating and issued a $45.00 price objective on shares of Coca-Cola Company (The) in a report on Friday, July 14th. Susquehanna Bancshares Inc set a $39.00 price target on Coca-Cola Company (The) and gave the stock a hold rating in a report on Wednesday, July 26th. Finally, BidaskClub upgraded Coca-Cola Company (The) from a sell rating to a hold rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. Coca-Cola Company (The) currently has a consensus rating of Hold and an average price target of $47.16.

Coca-Cola Company (KO) opened at $46.54 on Wednesday. The firm has a market capitalization of $196,970.64, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 3.91 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last posted its earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The company had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. equities analysts forecast that Coca-Cola Company will post 1.9 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Coca-Cola Company (The) (NYSE:KO) Rating Reiterated by Jefferies Group LLC” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/jefferies-group-llc-reiterates-hold-rating-for-coca-cola-company-the-ko.html.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 140.95%.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s 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 directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total value of $4,610,000.00. Following the completion of the transaction, the insider now directly owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The disclosure for this sale can be found here. Corporate insiders own 1.51% of the company’s stock.

Large investors have recently made changes to their positions in the business. Signature Estate & Investment Advisors LLC grew its holdings in Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares during the last quarter. Meeder Asset Management Inc. grew 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 buying an additional 1,026 shares during the last quarter. Veritas Investment Management LLP acquired a new stake in Coca-Cola Company (The) during the 3rd quarter valued at $135,000. Spectrum Management Group Inc. acquired a new stake in Coca-Cola Company (The) during the 3rd quarter valued at $137,000. Finally, Legacy Advisors LLC acquired a new stake in Coca-Cola Company (The) during the 3rd quarter valued at $139,000. Hedge funds and other institutional investors own 64.79% 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.

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

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply