Goldman Sachs Group Inc. set a $44.00 target price on Coca-Cola Co. (NYSE:KO) in a report published on Tuesday. The brokerage currently has a a neutral rating on the stock.
KO has been the subject of several other research reports. Citigroup Inc. reaffirmed a buy rating and set a $50.00 price objective on shares of Coca-Cola in a research note on Monday, September 19th. Zacks Investment Research upgraded shares of Coca-Cola from a sell rating to a hold rating in a report on Monday, September 12th. Susquehanna reiterated a hold rating on shares of Coca-Cola in a report on Monday, August 22nd. Jefferies Group reiterated a hold rating on shares of Coca-Cola in a report on Thursday, August 25th. Finally, Vetr upgraded shares of Coca-Cola from a buy rating to a strong-buy rating and set a $46.56 target price on the stock in a report on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Coca-Cola presently has a consensus rating of Hold and an average target price of $46.60.
Coca-Cola (NYSE:KO) opened at 42.23 on Tuesday. The company has a 50 day moving average of $42.15 and a 200-day moving average of $44.04. Coca-Cola has a one year low of $40.75 and a one year high of $47.13. The company has a market cap of $182.14 billion, a P/E ratio of 25.61 and a beta of 0.59.
Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 16.99% and a return on equity of 32.47%. The company earned $10.60 billion during the quarter, compared to analysts’ expectations of $10.47 billion. During the same quarter in the prior year, the company earned $0.51 EPS. Coca-Cola’s revenue was down 6.9% compared to the same quarter last year. On average, equities analysts expect that Coca-Cola will post $1.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is 84.85%.
Several hedge funds and other institutional investors have recently bought and sold shares of KO. GW Henssler & Associates Ltd. increased its position in Coca-Cola by 1.2% in the third quarter. GW Henssler & Associates Ltd. now owns 65,583 shares of the company’s stock worth $2,775,000 after buying an additional 784 shares during the period. Welch Group LLC boosted its stake in shares of Coca-Cola by 44.2% in the third quarter. Welch Group LLC now owns 65,465 shares of the company’s stock worth $2,770,000 after buying an additional 20,065 shares in the last quarter. Northstar Investment Advisors LLC boosted its stake in shares of Coca-Cola by 12.9% in the third quarter. Northstar Investment Advisors LLC now owns 192,271 shares of the company’s stock worth $8,160,000 after buying an additional 21,946 shares in the last quarter. Arrow Financial Corp boosted its stake in shares of Coca-Cola by 5.8% in the third quarter. Arrow Financial Corp now owns 42,073 shares of the company’s stock worth $1,780,000 after buying an additional 2,296 shares in the last quarter. Finally, UMB Bank N A MO boosted its stake in shares of Coca-Cola by 1.0% in the third quarter. UMB Bank N A MO now owns 154,498 shares of the company’s stock worth $6,538,000 after buying an additional 1,518 shares in the last quarter. 64.28% of the stock is currently owned by hedge funds and other institutional investors.
Coca-Cola Company Profile