The Coca-Cola Company Research Coverage Started at Brasil Plural (KO)
Equities research analysts at Brasil Plural began coverage on shares of The Coca-Cola Company (NYSE:KO) in a research note issued to investors on Monday. The firm set an “overweight” rating and a $46.00 price target on the stock. Brasil Plural’s price target suggests a potential upside of 11.87% from the stock’s previous close.
Shares of The Coca-Cola Company (NYSE:KO) opened at 41.12 on Monday. The Coca-Cola Company has a 1-year low of $36.83 and a 1-year high of $42.57. The stock’s 50-day moving average is $40.88 and its 200-day moving average is $40.03. The company has a market cap of $180.3 billion and a P/E ratio of 21.99.
The Coca-Cola Company (NYSE:KO) last announced its earnings results on Tuesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter 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. Investors 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 2.97%. The ex-dividend date is Thursday, September 11th.
In other The Coca-Cola Company news, SVP Ceree Eberly unloaded 13,960 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $41.00, for a total value of $572,360.00. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on KO. Analysts at Jefferies Group downgraded shares of The Coca-Cola Company from a “buy” rating to a “hold” rating in a research note on Monday, August 18th. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of The Coca-Cola Company in a research note on Monday, August 18th. They now have a $46.00 price target on the stock. Finally, analysts at Goldman Sachs reiterated a “positive” rating on shares of The Coca-Cola Company in a research note on Friday, August 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The Coca-Cola Company currently has a consensus rating of “Hold” and an average price target of $45.50.
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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