The Coca-Cola Company Stock Rating Reaffirmed by Goldman Sachs (KO)
A number of other firms have also recently commented on KO. Analysts at Zacks reiterated a “neutral” rating on shares of The Coca-Cola Company in a research note on Thursday. They now have a $42.00 price target on the stock. Separately, analysts at Societe Generale downgraded shares of The Coca-Cola Company from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Finally, analysts at Nomura raised their price target on shares of The Coca-Cola Company from $53.50 to $54.00 in a research note on Wednesday, July 16th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.30.
The Coca-Cola Company (NYSE:KO) traded up 1.63% during mid-day trading on Friday, hitting $40.835. The stock had a trading volume of 10,542,085 shares. The Coca-Cola Company has a 52-week low of $36.83 and a 52-week high of $42.57. The stock’s 50-day moving average is $41.05 and its 200-day moving average is $39.89. The company has a market cap of $179.1 billion and a price-to-earnings ratio of 21.49. The Coca-Cola Company also saw some unusual options trading on Tuesday. Stock traders bought 27,458 put options on the company. This is an increase of approximately 281% compared to the typical volume of 7,216 put options.
The Coca-Cola Company (NYSE:KO) last announced its earnings results on Tuesday, July 22nd. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.82 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts predict that The Coca-Cola Company will post $2.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, September 11th.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety 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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