Coca-Cola Company (The) (NYSE:KO) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts also recently weighed in on KO. UBS AG set a $48.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Sanford C. Bernstein set a $49.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Vetr raised Coca-Cola Company (The) from a “sell” rating to a “hold” rating and set a $43.06 price target for the company in a research report on Monday, July 10th. BMO Capital Markets reissued a “hold” rating and issued a $46.00 price objective on shares of Coca-Cola Company (The) in a report on Wednesday. Finally, Susquehanna Bancshares Inc set a $38.00 price objective on Coca-Cola Company (The) and gave the company a “hold” rating in a report on Saturday, March 25th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.17.

Coca-Cola Company (KO) traded up 0.56% during mid-day trading on Thursday, hitting $44.68. 8,558,718 shares of the company traded hands. The company’s 50-day moving average price is $44.99 and its 200 day moving average price is $42.80. The company has a market capitalization of $190.90 billion, a price-to-earnings ratio of 31.46 and a beta of 0.69. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.06.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Tuesday, April 25th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. Coca-Cola Company (The) had a return on equity of 33.17% and a net margin of 15.30%. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.85 billion. During the same period last year, the company earned $0.45 EPS. The company’s revenue was down 11.3% compared to the same quarter last year. On average, analysts anticipate that Coca-Cola Company will post $1.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, June 13th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 103.50%.

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In related news, insider Brian John Smith sold 87,800 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $43.43, for a total value of $3,813,154.00. Following the sale, the insider now directly owns 149,185 shares of the company’s stock, valued at $6,479,104.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Beatriz R. Perez sold 29,282 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total value of $1,323,546.40. Following the completion of the sale, the insider now directly owns 118,000 shares in the company, valued at $5,333,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 493,228 shares of company stock worth $22,024,770. 1.51% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in KO. Winslow Evans & Crocker Inc. raised its stake in Coca-Cola Company (The) by 68.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 34,626 shares of the company’s stock valued at $1,535,000 after buying an additional 14,056 shares during the period. Nottingham Advisors Inc. acquired a new stake in Coca-Cola Company (The) during the second quarter valued at $202,000. Vigilant Capital Management LLC raised its stake in Coca-Cola Company (The) by 1.9% in the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after buying an additional 68 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in Coca-Cola Company (The) by 1.8% in the second quarter. Beese Fulmer Investment Management Inc. now owns 182,503 shares of the company’s stock valued at $8,185,000 after buying an additional 3,169 shares during the period. Finally, Boyd Watterson Asset Management LLC OH raised its stake in Coca-Cola Company (The) by 2.4% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 29,390 shares of the company’s stock valued at $1,318,000 after buying an additional 697 shares during the period. 63.93% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Company (The) Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Analyst Recommendations for Coca-Cola Company (The) (NYSE:KO)

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