Coca-Cola Company (The) (NYSE:KO)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Wednesday. They presently have a $49.00 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 5.83% from the stock’s previous close.

Several other analysts have also weighed in on the company. Morgan Stanley set a $45.00 price objective on Coca-Cola Company (The) and gave the company a “neutral” rating in a research note on Monday, May 15th. Sanford C. Bernstein set a $49.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Tuesday, July 11th. Barclays PLC set a $45.00 price target on Coca-Cola Company (The) and gave the company a “neutral” rating in a research note on Monday, May 15th. Daiwa Capital Markets began coverage on Coca-Cola Company (The) in a research note on Tuesday, June 13th. They set an “outperform” rating and a $48.60 price target on the stock. Finally, Morningstar, Inc. reissued a “neutral” rating on shares of Coca-Cola Company (The) in a research note on Monday, May 29th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.79.

Coca-Cola Company (NYSE:KO) traded up 0.04% on Wednesday, hitting $46.30. The company had a trading volume of 10,534,915 shares. The firm has a 50-day moving average price of $45.69 and a 200-day moving average price of $44.17. 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 $197.48 billion, a PE ratio of 48.74 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. Coca-Cola Company (The)’s revenue was down 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, equities research analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

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In related news, insider Beatriz R. Perez sold 29,282 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the transaction, the insider now owns 118,000 shares of the company’s stock, valued at $5,333,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of Coca-Cola Company (The) stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the transaction, the senior vice president now directly owns 98,718 shares in the company, valued at approximately $4,541,028. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 396,117 shares of company stock worth $18,197,793. 1.51% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Coca-Cola Company (The) by 1.8% in the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after buying an additional 4,818,963 shares during the period. BlackRock Inc. raised its stake in shares of Coca-Cola Company (The) by 0.3% in the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock valued at $10,839,247,000 after buying an additional 750,257 shares during the period. State Street Corp raised its stake in shares of Coca-Cola Company (The) by 1.2% in the first quarter. State Street Corp now owns 173,789,519 shares of the company’s stock valued at $7,375,663,000 after buying an additional 2,009,675 shares during the period. Capital World Investors raised its stake in shares of Coca-Cola Company (The) by 8.9% in the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after buying an additional 11,593,679 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Coca-Cola Company (The) by 4.5% in the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock valued at $2,276,647,000 after buying an additional 2,167,225 shares during the period. 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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