Analysts Set CocaCola Company (The) (NYSE:KO) Target Price at $76.27

CocaCola Company (The) (NYSE:KOGet Free Report) has earned a consensus recommendation of “Buy” from the eighteen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $76.27.

A number of brokerages have weighed in on KO. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. UBS Group upped their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Royal Bank Of Canada upped their price objective on shares of CocaCola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Cfra Research upgraded shares of CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st.

Get Our Latest Report on KO

Insider Transactions at CocaCola

In other news, CEO James Quincey sold 266,403 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer now directly owns 275,946 shares in the company, valued at $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer now owns 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 415,387 shares of company stock worth $29,923,985 over the last ninety days. 0.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CocaCola

Several institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after acquiring an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after acquiring an additional 293 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of CocaCola by 12.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company’s stock worth $1,189,000 after acquiring an additional 2,072 shares in the last quarter. FourThought Financial Partners LLC acquired a new stake in shares of CocaCola in the fourth quarter worth $428,000. Finally, FFT Wealth Management LLC increased its position in shares of CocaCola by 10.6% in the fourth quarter. FFT Wealth Management LLC now owns 6,988 shares of the company’s stock worth $435,000 after acquiring an additional 672 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Trading Up 1.4%

NYSE KO opened at $70.42 on Thursday. The company has a market capitalization of $303.11 billion, a PE ratio of 28.17, a P/E/G ratio of 3.69 and a beta of 0.46. The company has a fifty day moving average of $71.25 and a 200 day moving average of $68.32. CocaCola has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89.

CocaCola (NYSE:KOGet Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Research analysts forecast that CocaCola will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.90%. CocaCola’s dividend payout ratio (DPR) is 81.60%.

About CocaCola

(Get Free Report

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Analyst Recommendations for CocaCola (NYSE:KO)

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