Sanford C. Bernstein Analysts Give Coca-Cola Company (The) (KO) a $48.00 Price Target

Sanford C. Bernstein set a $48.00 price objective on Coca-Cola Company (The) (NYSE:KO) in a research report released on Friday morning. The brokerage currently has a buy rating on the stock.

KO has been the topic of several other reports. Vetr cut shares of Coca-Cola Company (The) from a strong-buy rating to a buy rating and set a $46.93 target price on the stock. in a research report on Thursday, September 15th. Credit Suisse Group assumed coverage on shares of Coca-Cola Company (The) in a research report on Thursday, September 15th. They set a neutral rating and a $44.00 target price on the stock. Stifel Nicolaus cut shares of Coca-Cola Company (The) from a buy rating to a hold rating and decreased their target price for the company from $50.00 to $45.00 in a research report on Thursday, September 29th. Jefferies Group set a $43.00 target price on shares of Coca-Cola Company (The) and gave the company a neutral rating in a research report on Tuesday, December 27th. Finally, Morningstar, Inc. restated a buy rating on shares of Coca-Cola Company (The) in a research report on Friday, December 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $46.12.

Analyst Recommendations for Coca-Cola Company (The) (NYSE:KO)

Coca-Cola Company (NYSE:KO) traded down 0.110% during mid-day trading on Friday, reaching $40.995. The company’s stock had a trading volume of 2,918,375 shares. Coca-Cola Company has a one year low of $39.88 and a one year high of $47.13. The stock has a market cap of $176.81 billion, a P/E ratio of 24.861 and a beta of 0.65. The firm’s 50 day moving average is $41.36 and its 200-day moving average is $42.73.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results 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. The firm had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.47 billion. Coca-Cola Company (The) had a net margin of 16.99% and a return on equity of 32.47%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. Equities analysts expect that Coca-Cola Company will post $1.91 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a $0.35 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 84.85%.

In other news, VP Kathy N. Waller sold 36,342 shares of Coca-Cola Company (The) stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $42.06, for a total value of $1,528,544.52. Following the sale, the vice president now owns 104,345 shares in the company, valued at $4,388,750.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.54% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the company. LGT Capital Partners LTD. raised its position in Coca-Cola Company (The) by 4.6% in the third quarter. LGT Capital Partners LTD. now owns 194,850 shares of the company’s stock worth $8,246,000 after buying an additional 8,490 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Coca-Cola Company (The) by 19.7% in the second quarter. BNP Paribas Arbitrage SA now owns 2,099,270 shares of the company’s stock worth $95,160,000 after buying an additional 345,810 shares during the last quarter. Cardinal Capital Management raised its position in Coca-Cola Company (The) by 2.4% in the third quarter. Cardinal Capital Management now owns 79,807 shares of the company’s stock worth $3,377,000 after buying an additional 1,899 shares during the last quarter. Shell Asset Management Co. raised its position in Coca-Cola Company (The) by 7.8% in the second quarter. Shell Asset Management Co. now owns 1,071,177 shares of the company’s stock worth $48,556,000 after buying an additional 77,824 shares during the last quarter. Finally, NEXT Financial Group Inc raised its position in Coca-Cola Company (The) by 65.9% in the third quarter. NEXT Financial Group Inc now owns 79,749 shares of the company’s stock worth $3,375,000 after buying an additional 31,690 shares during the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.

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