Macquarie initiated coverage on shares of Coca-Cola Company (The) (NYSE:KO) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $47.00 price target on the stock. Macquarie’s price target would suggest a potential upside of 1.78% from the company’s current price.

A number of other equities research analysts have also recently weighed in on KO. Morningstar, Inc. reiterated a “neutral” rating on shares of Coca-Cola Company (The) in a research note on Monday, May 29th. 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 29th. Barclays PLC 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 29th. Vetr cut Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 price objective for the company. in a research note on Monday, June 5th. Finally, BMO Capital Markets cut Coca-Cola Company (The) from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $45.98 to $46.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus target price of $45.85.

Coca-Cola Company (KO) traded up 0.15% during trading on Friday, reaching $46.18. 16,141,413 shares of the company’s stock were exchanged. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.98. The stock has a 50-day moving average of $45.84 and a 200-day moving average of $44.31. The stock has a market capitalization of $196.97 billion, a PE ratio of 48.76 and a beta of 0.71.

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

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In other Coca-Cola Company (The) news, insider Brian John Smith sold 100,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total value of $4,610,000.00. Following the sale, the insider now owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the company’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 completion of the sale, the insider now directly owns 26,567 shares in the company, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. Insiders sold 366,835 shares of company stock worth $16,874,246 in the last three months. 1.51% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC grew its holdings in Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after purchasing an additional 129 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares during the last quarter. Eagle Ridge Investment Management acquired a new stake in Coca-Cola Company (The) in the second quarter valued at $138,000. SRS Capital Advisors Inc. grew its holdings in Coca-Cola Company (The) by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in Coca-Cola Company (The) in the second quarter valued at $142,000. 64.68% of the stock is currently owned by institutional investors.

About Coca-Cola Company (The)

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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