Coca-Cola (NYSE:KO) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Tuesday. They currently have a $47.12 target price on the stock. Vetr‘s target price points to a potential upside of 7.21% from the stock’s current price.
In other news, EVP J Alexander Douglas, Jr. sold 80,000 shares of the company’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of $46.95, for a total value of $3,756,000.00. Following the sale, the executive vice president now directly owns 261,293 shares in the company, valued at $12,267,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Larry M. Mark sold 28,000 shares of the company’s stock in a transaction on Monday, April 25th. The shares were sold at an average price of $44.52, for a total value of $1,246,560.00. Following the completion of the sale, the vice president now owns 52,465 shares in the company, valued at $2,335,741.80. The disclosure for this sale can be found here.
Several other research analysts have also commented on the company. Societe Generale set a $46.00 price target on Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, April 28th. Susquehanna reaffirmed a “neutral” rating and set a $39.00 price target on shares of Coca-Cola in a research report on Saturday, April 23rd. Jefferies Group set a $46.00 price target on Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, April 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $54.00 price target on shares of Coca-Cola in a research report on Thursday, April 21st. Finally, Goldman Sachs reaffirmed a “neutral” rating and set a $47.00 price target (up previously from $46.00) on shares of Coca-Cola in a research report on Thursday, April 21st. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $47.85. For share traders torn by these buy and hold ratings, an alternative of course is to buy a Coca-Cola CFD Stock and thus hedge against any downward share price movements.
Shares of Coca-Cola (NYSE:KO) traded down 0.83% during midday trading on Tuesday, hitting $43.95. 12,914,133 shares of the stock were exchanged. The firm has a 50-day moving average of $45.47 and a 200-day moving average of $43.77. The company has a market capitalization of $190.14 billion and a P/E ratio of 26.46. Coca-Cola has a 1-year low of $36.56 and a 1-year high of $47.13.
Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, April 20th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.28 billion. During the same quarter in the previous year, the firm earned $0.48 EPS. Coca-Cola ‘s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts expect that Coca-Cola will post $1.94 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, June 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.19%.
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 range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
To view Vetr’s full report, visit Vetr’s official website.
