Coca-Cola Company (The) (NYSE:KO)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a report issued on Thursday. They presently have a $47.00 price target on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 1.56% from the stock’s previous close.

Several other research firms also recently commented on KO. Barclays PLC set a $45.00 target price on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday. UBS AG raised their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Citigroup Inc. set a $53.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.79.

Coca-Cola Company (KO) traded up 0.70% during midday trading on Thursday, reaching $46.28. The company’s stock had a trading volume of 9,418,340 shares. The stock’s 50-day moving average price is $45.60 and its 200-day moving average price is $44.14. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.42. The firm has a market capitalization of $197.40 billion, a price-to-earnings ratio of 48.87 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last posted its earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Analysts predict that Coca-Cola Company will post $1.90 EPS for the current year.

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In related news, insider Mark Randazza sold 24,156 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. Following the sale, the insider now directly owns 26,567 shares of the company’s stock, valued at approximately $1,222,347.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the sale, the insider now directly owns 136,385 shares in the company, valued at $6,287,348.50. The disclosure for this sale can be found here. Insiders have sold a total of 396,117 shares of company stock valued at $18,197,793 in the last ninety days. Company insiders own 1.51% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of KO. Portfolio Solutions LLC bought a new stake in Coca-Cola Company (The) in the 1st quarter valued at $108,000. Signature Estate & Investment Advisors LLC lifted its position in Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Coca-Cola Company (The) by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after buying an additional 1,026 shares in the last quarter. Eagle Ridge Investment Management bought a new stake in Coca-Cola Company (The) during the 2nd quarter worth about $138,000. Finally, SRS Capital Advisors Inc. lifted its position in Coca-Cola Company (The) by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after buying an additional 264 shares in the last quarter. 64.68% 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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