The Coca-Cola Company Rating Lowered to Hold at Jefferies Group (KO)
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of The Coca-Cola Company in a research note on Monday. They now have a $46.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “positive” rating on shares of The Coca-Cola Company in a research note on Friday. Finally, 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.44.
The Coca-Cola Company (NYSE:KO) traded up 0.97% during mid-day trading on Monday, hitting $41.278. The stock had a trading volume of 7,089,589 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 $41.02 and its 200-day moving average is $39.91. The company has a market cap of $181.0 billion and a P/E ratio of 21.86. The Coca-Cola Company also saw some unusual options trading activity on Friday. Investors purchased 27,100 call options on the stock. This is an increase of 143% compared to the typical daily volume of 11,168 call options.
The Coca-Cola Company (NYSE:KO) last issued its quarterly earnings data 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. Analysts expect that The Coca-Cola Company will post $2.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.98%. 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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