Trading Report: Today: Coca-Cola Co. (KO) PT Set at $49.00 by RBC Capital Markets

Today: Coca-Cola Co. (KO) PT Set at $49.00 by RBC Capital Markets

Coca-Cola Co. (NYSE:KO) received a $49.00 price target from equities research analysts at RBC Capital Markets in a research note issued on Thursday. The brokerage presently has a a “buy” rating on the stock. RBC Capital Markets’ price target points to a potential upside of 17.59% from the stock’s previous close.

A number of other equities analysts also recently weighed in on KO. Susquehanna reaffirmed a “hold” rating on shares of Coca-Cola in a research note on Sunday, July 17th. Vetr reaffirmed a “buy” rating on shares of Coca-Cola in a research note on Thursday, July 28th. Sanford C. Bernstein set a $49.00 price target on shares of Coca-Cola and gave the stock a “buy” rating in a research note on Thursday, July 28th. Goldman Sachs Group Inc. set a $45.00 price target on shares of Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Finally, Zacks Investment Research raised shares of Coca-Cola from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $46.60.

Coca-Cola (NYSE:KO) opened at 41.67 on Thursday. Coca-Cola has a 52-week low of $40.75 and a 52-week high of $47.13. The company has a 50 day moving average price of $42.50 and a 200 day moving average price of $44.35. The firm has a market capitalization of $179.85 billion, a P/E ratio of 23.98 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $11.50 billion for the quarter, compared to the consensus estimate of $11.69 billion. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, equities analysts forecast that Coca-Cola will post $1.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were given a $0.35 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.36%. Coca-Cola’s payout ratio is currently 80.46%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Coca-Cola by 2.0% in the second quarter. Vanguard Group Inc. now owns 273,897,295 shares of the company’s stock worth $12,415,764,000 after buying an additional 5,478,675 shares during the last quarter. State Street Corp increased its position in Coca-Cola by 0.9% in the first quarter. State Street Corp now owns 167,467,138 shares of the company’s stock worth $7,768,816,000 after buying an additional 1,511,559 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Coca-Cola by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 102,413,710 shares of the company’s stock worth $4,750,972,000 after buying an additional 843,493 shares during the last quarter. Capital Research Global Investors increased its position in Coca-Cola by 4.1% in the second quarter. Capital Research Global Investors now owns 79,080,741 shares of the company’s stock worth $3,584,730,000 after buying an additional 3,091,367 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in Coca-Cola by 4.7% in the second quarter. BlackRock Fund Advisors now owns 58,761,795 shares of the company’s stock worth $2,663,672,000 after buying an additional 2,641,790 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

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