A number of research firms have changed their ratings and price targets for Coca-Cola (NYSE: KO):

  • 9/19/2016 – Coca-Cola had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $50.00 price target on the stock.
  • 9/15/2016 – Coca-Cola is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating and a $44.00 price target on the stock.
  • 9/15/2016 – Coca-Cola was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $46.93 price target on the stock.
  • 9/14/2016 – Coca-Cola was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $47.52 price target on the stock.
  • 9/12/2016 – Coca-Cola was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Coca-Cola’s increased marketing investments are supporting improved volume growth in stable markets like North America. Moreover, the accelerated re-franchising efforts should drive greater returns.  Also, Coca-Cola’s new revenue platforms should drive growth over the long term. However, the top line needs to show sustained improvement. Though markets like North America, Japan and India remain strong, continued weakness in some emerging markets like China, Russia and Brazil is holding back significant sales acceleration. At the second quarter conference call, it lowered its 2016 sales outlook due to weakening demand in some large emerging/developing markets. Furthermore, weak sparkling beverage volumes as well as currency and structural headwinds over the next couple of years pose threats. “
  • 8/29/2016 – Coca-Cola was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Weakening demand in certain large emerging markets like China, Brazil and Argentina hurt Coca-Cola’s sales results in the first half of 2016.  This compelled Coca-Cola to lower its 2016 sales outlook at the Q2 conference call. Though markets like North America, Japan and India remain strong, continued weakness in key emerging markets is holding back significant sales acceleration. Moreover, weak sparkling beverage volumes as well as Fx and structural headwinds over the next couple of years remain challenges. Nevertheless, its increased marketing investments are aiding improved volume growth in stable markets like North America. Moreover, the accelerated re-franchising efforts should drive greater returns.  Also, Coca-Cola’s new revenue platforms should drive growth over the long term. We believe the company can successfully work through the comprehensive refranchising and near-term macro challenges on the back of its growth strategies.”
  • 8/25/2016 – Coca-Cola had its “hold” rating reaffirmed by analysts at Jefferies Group.
  • 8/22/2016 – Coca-Cola had its “hold” rating reaffirmed by analysts at Susquehanna.
  • 8/15/2016 – Coca-Cola was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $47.05 price target on the stock.
  • 8/10/2016 – Coca-Cola had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $49.00 price target on the stock.
  • 8/8/2016 – Coca-Cola was given a new $44.00 price target on by analysts at Societe Generale. They now have a “neutral” rating on the stock.
  • 8/2/2016 – Coca-Cola was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $49.32 price target on the stock.
  • 8/1/2016 – Coca-Cola was given a new $38.00 price target on by analysts at Independent Research GmbH. They now have a “sell” rating on the stock.
  • 8/1/2016 – Coca-Cola was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Coca-Cola beat the Zacks Consensus Estimate for earnings, it missed the same for sales due to severe macroeconomic challenges in many international markets. Importantly, soda volumes declined in the all important North America segment. Excluding Fx, earnings of $0.60 per share rose 6% due to improved organic growth and higher operating margins. However, soda volumes deteriorated in the quarter due to challenges in many emerging markets. Though markets like U.S., Mexico and Japan are consistently strong, continued weakness in some emerging markets like China and Argentina is holding back significant sales acceleration. The company lowered its previously issued sales guidance for 2016 and guided for an adjusted earnings decline in the year. Moreover, weak sparkling beverage volumes and currency and structural headwinds over the next couple of years remain challenges.”
  • 7/31/2016 – Coca-Cola had its “buy” rating reaffirmed by analysts at SunTrust Banks Inc..
  • 7/29/2016 – Coca-Cola had its “hold” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $48.00 price target on the stock.
  • 7/28/2016 – Coca-Cola had its price target lowered by analysts at Stifel Nicolaus from $54.00 to $50.00. They now have a “buy” rating on the stock.
  • 7/28/2016 – Coca-Cola had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $45.00 price target on the stock, down previously from $46.00.
  • 7/28/2016 – Coca-Cola was given a new $45.00 price target on by analysts at Goldman Sachs Group Inc.. They now have a “neutral” rating on the stock.
  • 7/28/2016 – Coca-Cola was given a new $49.00 price target on by analysts at Sanford C. Bernstein. They now have a “buy” rating on the stock.
  • 7/28/2016 – Coca-Cola had its “buy” rating reaffirmed by analysts at Vetr.
  • 7/24/2016 – Coca-Cola had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.

Shares of Coca-Cola Co. (NYSE:KO) opened at 42.53 on Thursday. The company has a market capitalization of $183.56 billion, a PE ratio of 24.47 and a beta of 0.57. Coca-Cola Co. has a 52 week low of $38.51 and a 52 week high of $47.13. The company’s 50 day moving average is $43.35 and its 200-day moving average is $44.73.

Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. The firm had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.69 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts expect that Coca-Cola Co. will post $1.91 EPS for the current fiscal year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/investment-analysts-weekly-ratings-changes-for-coca-cola-ko.html

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.29%. The ex-dividend date is Tuesday, September 13th. Coca-Cola’s payout ratio is 80.46%.

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.

5 Day Chart for NYSE:KO

Receive News & Ratings for Coca-Cola Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Co and related companies with MarketBeat.com's FREE daily email newsletter.