The Coca-Cola Company (NYSE:KO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The Coca-Cola Company (NYSE:KOGet Free Report) have been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $68.58.

KO has been the topic of several research reports. Argus upped their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Barclays upped their price target on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Evercore ISI upped their price target on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. UBS Group upped their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st.

View Our Latest Analysis on Coca-Cola

Insider Transactions at Coca-Cola

In other news, EVP Henrique Braun sold 57,298 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $63.08, for a total value of $3,614,357.84. Following the completion of the transaction, the executive vice president now owns 52,466 shares of the company’s stock, valued at $3,309,555.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Henrique Braun sold 57,298 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $63.08, for a total value of $3,614,357.84. Following the transaction, the executive vice president now directly owns 52,466 shares of the company’s stock, valued at approximately $3,309,555.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 199,389 shares of company stock valued at $12,322,179. 0.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Enterprise Bank & Trust Co boosted its stake in Coca-Cola by 3.4% during the fourth quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock valued at $296,000 after buying an additional 167 shares in the last quarter. Community Bank & Trust Waco Texas boosted its stake in Coca-Cola by 0.6% during the first quarter. Community Bank & Trust Waco Texas now owns 30,262 shares of the company’s stock valued at $1,851,000 after buying an additional 168 shares in the last quarter. Goelzer Investment Management Inc. boosted its stake in Coca-Cola by 1.8% during the fourth quarter. Goelzer Investment Management Inc. now owns 9,681 shares of the company’s stock valued at $571,000 after buying an additional 169 shares in the last quarter. Elk River Wealth Management LLC boosted its position in shares of Coca-Cola by 1.6% in the 4th quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock valued at $639,000 after purchasing an additional 170 shares during the period. Finally, KRS Capital Management LLC boosted its position in shares of Coca-Cola by 3.8% in the 4th quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock valued at $274,000 after purchasing an additional 170 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Performance

Coca-Cola stock opened at $61.83 on Wednesday. The stock has a market cap of $266.36 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 3.50 and a beta of 0.57. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average of $61.15 and a 200-day moving average of $59.99. Coca-Cola has a 52 week low of $51.55 and a 52 week high of $63.76.

Coca-Cola (NYSE:KOGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. On average, analysts expect that Coca-Cola will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.485 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.14%. Coca-Cola’s payout ratio is 77.60%.

About Coca-Cola

(Get Free Report

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Recommended Stories

Analyst Recommendations for Coca-Cola (NYSE:KO)

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.