Macquarie Reaffirms “Neutral” Rating for The Coca-Cola (KO)

The Coca-Cola (NYSE:KO)‘s stock had its “neutral” rating reissued by equities researchers at Macquarie in a research report issued on Thursday. They presently have a $50.00 target price on the stock. Macquarie’s target price points to a potential upside of 4.17% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Gabelli restated a “hold” rating on shares of The Coca-Cola in a research note on Thursday, July 26th. Societe Generale set a $49.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Monday, August 13th. Jefferies Financial Group restated a “neutral” rating and issued a $48.00 price objective on shares of The Coca-Cola in a research note on Wednesday, August 22nd. Wells Fargo & Co restated a “buy” rating and issued a $52.00 price objective on shares of The Coca-Cola in a research note on Wednesday, September 5th. Finally, Bank of America restated a “buy” rating and issued a $52.00 price objective on shares of The Coca-Cola in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.22.

Shares of KO stock traded up $0.26 on Thursday, reaching $48.00. 16,993,163 shares of the stock were exchanged, compared to its average volume of 15,294,904. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26. The company has a market cap of $204.76 billion, a P/E ratio of 25.13, a PEG ratio of 3.15 and a beta of 0.60. The Coca-Cola has a twelve month low of $41.45 and a twelve month high of $48.62.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.20 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The Coca-Cola’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, equities analysts forecast that The Coca-Cola will post 2.08 EPS for the current year.

In other news, SVP James L. Dinkins sold 8,754 shares of the company’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total value of $411,000.30. Following the completion of the sale, the senior vice president now directly owns 28,354 shares of the company’s stock, valued at $1,331,220.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total transaction of $479,800.00. Following the completion of the sale, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at $4,445,107.10. The disclosure for this sale can be found here. Insiders sold 61,754 shares of company stock valued at $2,954,800 over the last ninety days. Corporate insiders own 1.48% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Keystone Financial Planning Inc. raised its holdings in The Coca-Cola by 1.4% during the third quarter. Keystone Financial Planning Inc. now owns 152,048 shares of the company’s stock worth $7,023,000 after purchasing an additional 2,159 shares in the last quarter. WINTON GROUP Ltd raised its holdings in The Coca-Cola by 383.7% during the third quarter. WINTON GROUP Ltd now owns 1,087,169 shares of the company’s stock worth $50,216,000 after purchasing an additional 862,393 shares in the last quarter. American Century Companies Inc. raised its holdings in The Coca-Cola by 2,462.8% during the third quarter. American Century Companies Inc. now owns 1,471,278 shares of the company’s stock worth $67,958,000 after purchasing an additional 1,413,868 shares in the last quarter. Bank of The West raised its holdings in The Coca-Cola by 10.6% during the third quarter. Bank of The West now owns 60,651 shares of the company’s stock worth $2,801,000 after purchasing an additional 5,797 shares in the last quarter. Finally, Cadence Capital Management LLC raised its holdings in The Coca-Cola by 4.1% during the third quarter. Cadence Capital Management LLC now owns 261,245 shares of the company’s stock worth $12,067,000 after purchasing an additional 10,269 shares in the last quarter. 65.44% of the stock is owned by hedge funds and other institutional investors.

The Coca-Cola Company Profile

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

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