2 weeks Ago By ABMN Staff
Hsbc Global Res upgraded shares of Coca-Cola ( NYSE:KO – Free Report ) to a strong-buy rating in a research note issued to investors on Friday morning, Zacks.com reports. Other equities analysts also recently issued reports about the stock.
Barclays increased their price objective on shares of Coca-Cola from $69.00 to $70.00 and gave the stock an overweight rating in a research note on Thursday, July 25th.
JPMorgan Chase & Co. increased their price target on Coca-Cola from $68.00 to $72.
00 and gave the company an overweight rating in a research report on Wednesday, July 10th. BNP Paribas initiated coverage on Coca-Cola in a research report on Monday, June 24th. They set an outperform rating and a $72.
00 price target on the stock. Citigroup increased their price objective on Coca-Cola from $72.00 to $75.
00 and gave the company a buy rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their target price on shares of Coca-Cola from $73.00 to $78.
00 and gave the stock an overweight rating in a report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.
com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $71.07. View Our Latest Stock Analysis on Coca-Cola Coca-Cola Stock Up 0.
1 % Coca-Cola ( NYSE:KO – Get Free Report ) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
81 by $0.03. The firm had revenue of $12.
40 billion during the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a return on equity of 43.
62% and a net margin of 22.92%. The business’s revenue was up 3.
3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS.
On average, sell-side analysts anticipate that Coca-Cola will post 2.85 earnings per share for the current fiscal year. Coca-Cola Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st.
Stockholders of record on Friday, September 13th will be given a $0.485 dividend. This represents a $1.
94 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, September 13th.
Coca-Cola’s payout ratio is 77.60%. Insider Buying and Selling In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction on Wednesday, July 17th.
The stock was sold at an average price of $64.96, for a total value of $1,253,987.84.
Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,507,516.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link .
In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $64.96, for a total value of $1,253,987.
84. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $14,507,516.80.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CEO James Quincey sold 102,533 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.
02, for a total transaction of $7,179,360.66. Following the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at $30,987,070.
92. The disclosure for this sale can be found here . In the last ninety days, insiders sold 974,715 shares of company stock valued at $579,704,927.
Insiders own 0.97% of the company’s stock. Institutional Trading of Coca-Cola A number of institutional investors have recently modified their holdings of KO.
New Millennium Group LLC bought a new position in Coca-Cola in the second quarter valued at approximately $26,000. Quarry LP acquired a new stake in shares of Coca-Cola in the 2nd quarter valued at $27,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Coca-Cola in the 1st quarter valued at $28,000.
ESL Trust Services LLC bought a new position in shares of Coca-Cola in the 1st quarter valued at $28,000. Finally, DiNuzzo Private Wealth Inc. raised its holdings in shares of Coca-Cola by 65.
0% during the 1st quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company’s stock worth $32,000 after buying an additional 206 shares in the last quarter.
70.26% of the stock is currently owned by institutional investors. Coca-Cola Company Profile ( 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. Read More Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.
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