Other analysts have also recently issued reports about the company. Zacks Investment Research cut The Coca-Cola from a hold rating to a sell rating in a research report on Tuesday, June 26th. Macquarie reiterated a neutral rating and set a $47.00 price target on shares of The Coca-Cola in a research report on Wednesday, June 13th. Stifel Nicolaus reiterated a neutral rating and set a $49.00 price target on shares of The Coca-Cola in a research report on Monday, July 16th. JPMorgan Chase & Co. reiterated a $45.12 rating and set a $49.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 18th. Finally, Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the stock a buy rating in a research report on Wednesday, July 25th. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $50.28.
Shares of The Coca-Cola stock traded down $0.37 on Thursday, reaching $45.40. The company’s stock had a trading volume of 288,968 shares, compared to its average volume of 9,698,546. The stock has a market capitalization of $193.59 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.80 and a beta of 0.74. The Coca-Cola has a 52-week low of $41.45 and a 52-week 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 Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.54 billion. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The business’s revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. equities research analysts anticipate that The Coca-Cola will post 2.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.44%. The ex-dividend date is Thursday, September 13th. The Coca-Cola’s payout ratio is currently 81.68%.
In other The Coca-Cola news, insider John Murphy sold 56,000 shares of the company’s stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $46.48, for a total value 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 document filed with the SEC, which can be accessed through this link. Also, VP Kathy N. Waller sold 48,354 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $46.45, for a total value of $2,246,043.30. Following the completion of 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. Over the last 90 days, insiders sold 215,822 shares of company stock valued at $10,027,727. 1.48% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Princeton Capital Management LLC acquired a new position in shares of The Coca-Cola in the 1st quarter valued at $100,000. Clarus Wealth Advisors acquired a new position in shares of The Coca-Cola in the 2nd quarter valued at $101,000. WP Advisors LLC acquired a new position in shares of The Coca-Cola in the 2nd quarter valued at $107,000. Signature Estate & Investment Advisors LLC acquired a new position in shares of The Coca-Cola in the 2nd quarter valued at $116,000. Finally, Fort L.P. acquired a new position in shares of The Coca-Cola in the 2nd quarter valued at $122,000. 65.40% of the stock is currently 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 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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