Susquehanna Bancshares set a $45.00 price objective on The Coca-Cola (NYSE:KO) in a research report report published on Wednesday, December 20th. The brokerage currently has a hold rating on the stock.
Other equities research analysts also recently issued research reports about the stock. Macquarie assumed coverage on shares of The Coca-Cola in a research report on Friday, September 15th. They issued a neutral rating and a $47.00 target price for the company. Jefferies Group reissued a hold rating and set a $47.00 price objective on shares of The Coca-Cola in a research report on Thursday, September 7th. Morgan Stanley set a $48.00 price objective on shares of The Coca-Cola and gave the company a neutral rating in a research report on Thursday, October 26th. Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the company a sell rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research downgraded shares of The Coca-Cola from a buy rating to a hold rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $49.01.
The Coca-Cola (KO) traded up $0.11 during trading hours on Wednesday, reaching $46.15. 14,544,400 shares of the company’s stock were exchanged, compared to its average volume of 10,870,000. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The Coca-Cola has a fifty-two week low of $40.22 and a fifty-two week high of $47.48. The company has a market cap of $196,630.00, a P/E ratio of 43.95, a PEG ratio of 3.69 and a beta of 0.70.
The Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The business had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s revenue was down 14.6% on a year-over-year basis. equities analysts predict that The Coca-Cola will post 1.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, November 30th. The Coca-Cola’s dividend payout ratio is currently 140.95%.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were 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 of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.51% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Swiss National Bank lifted its stake in The Coca-Cola by 3.0% in the 2nd quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock worth $735,069,000 after purchasing an additional 470,700 shares in the last quarter. Summit Financial Group Inc. purchased a new stake in The Coca-Cola in the 2nd quarter worth $2,779,000. Global X Management Co. LLC lifted its stake in The Coca-Cola by 6.0% in the 2nd quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after purchasing an additional 12,513 shares in the last quarter. Amalgamated Bank lifted its stake in The Coca-Cola by 54.8% in the 2nd quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock worth $20,118,000 after purchasing an additional 158,741 shares in the last quarter. Finally, Keystone Financial Planning Inc. lifted its stake in The Coca-Cola by 2.1% in the 1st quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock worth $5,111,000 after purchasing an additional 2,465 shares in the last quarter. Institutional investors and hedge funds own 65.30% of the company’s stock.
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The Coca-Cola 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.
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