The Coca-Cola Co (KO) Given Average Rating of “Hold” by Analysts
The Coca-Cola Co (NYSE:KO) has been given a consensus recommendation of “Hold” by the twenty-six analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $49.14.
KO has been the topic of a number of recent research reports. Barclays reissued a “neutral” rating and set a $45.00 target price on shares of The Coca-Cola in a research report on Thursday, March 15th. Goldman Sachs Group raised The Coca-Cola from a “sell” rating to a “neutral” rating and set a $46.00 target price on the stock in a research report on Tuesday, April 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a report on Monday, April 23rd. Jefferies Financial Group reaffirmed a “neutral” rating and set a $44.00 price objective on shares of The Coca-Cola in a report on Friday, May 25th. Finally, Morningstar set a $49.00 price objective on The Coca-Cola and gave the company a “buy” rating in a report on Friday, May 18th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Princeton Capital Management LLC bought a new position in The Coca-Cola in the 1st quarter worth approximately $100,000. Santori & Peters Inc. bought a new position in The Coca-Cola in the 4th quarter worth approximately $127,000. Goodman Financial Corp bought a new position in The Coca-Cola in the 4th quarter worth approximately $143,000. First Dallas Securities Inc. bought a new position in The Coca-Cola in the 4th quarter worth approximately $155,000. Finally, IFG Advisory LLC bought a new position in The Coca-Cola in the 4th quarter worth approximately $2,416,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.
The Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 24th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The Coca-Cola had a return on equity of 39.54% and a net margin of 4.23%. The business had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same period last year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. equities research analysts anticipate that The Coca-Cola will post 2.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 2nd. Stockholders of record on Friday, June 15th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Thursday, June 14th. The Coca-Cola’s payout ratio is currently 81.68%.
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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