Morgan Stanley Reiterates “$50.00” Price Target for The Coca-Cola (KO)

Morgan Stanley set a $50.00 price objective on The Coca-Cola (NYSE:KO) in a research report sent to investors on Monday morning. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the company. Gabelli reissued a hold rating on shares of The Coca-Cola in a research note on Thursday, July 26th. Societe Generale set a $49.00 price target on The Coca-Cola and gave the company a neutral rating in a research report on Monday, August 13th. Jefferies Financial Group reiterated a neutral rating and issued a $48.00 price target on shares of The Coca-Cola in a research report on Wednesday, August 22nd. Wells Fargo & Co reiterated a buy rating and issued a $52.00 price target on shares of The Coca-Cola in a research report on Wednesday, September 5th. Finally, Stifel Nicolaus reiterated a neutral rating and issued a $49.00 price target on shares of The Coca-Cola in a research report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $50.74.

NYSE:KO opened at $45.61 on Monday. The Coca-Cola has a twelve month low of $41.45 and a twelve month high of $48.62. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 1.06. The stock has a market cap of $197.04 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.85 and a beta of 0.74.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same quarter last year, the firm posted $0.59 EPS. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. Equities research analysts expect that The Coca-Cola will post 2.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.42%. The Coca-Cola’s payout ratio is presently 81.68%.

In other The Coca-Cola news, insider John Murphy sold 56,000 shares of the firm’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $46.48, for a total transaction of $2,602,880.00. Following the completion of the sale, the insider now directly owns 140,869 shares in the company, valued at approximately $6,547,591.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kathy N. Waller sold 48,354 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the sale, the vice president now owns 200,725 shares of the company’s stock, valued at $9,323,676.25. The disclosure for this sale can be found here. Insiders have sold a total of 215,822 shares of company stock valued at $10,027,727 over the last 90 days. Corporate insiders own 1.48% of the company’s stock.

Several hedge funds have recently bought and sold shares of KO. Morgan Stanley boosted its position in The Coca-Cola by 3.6% during the second quarter. Morgan Stanley now owns 38,959,393 shares of the company’s stock valued at $1,708,760,000 after purchasing an additional 1,336,852 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in shares of The Coca-Cola by 1.3% during the 1st quarter. Suntrust Banks Inc. now owns 20,136,587 shares of the company’s stock valued at $874,530,000 after buying an additional 265,918 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of The Coca-Cola by 1.9% during the 2nd quarter. Janus Henderson Group PLC now owns 15,923,120 shares of the company’s stock valued at $698,396,000 after buying an additional 299,933 shares during the last quarter. Swiss National Bank lifted its holdings in shares of The Coca-Cola by 2.8% during the 2nd quarter. Swiss National Bank now owns 15,439,790 shares of the company’s stock valued at $677,189,000 after buying an additional 425,900 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of The Coca-Cola by 2.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,397,678 shares of the company’s stock valued at $631,483,000 after buying an additional 401,752 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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