The Coca-Cola Company (NYSE:KO) Receives $66.50 Consensus Price Target from Analysts

The Coca-Cola Company (NYSE:KOGet Rating) has been assigned an average rating of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $66.50.

KO has been the subject of a number of recent research reports. UBS Group lifted their price objective on Coca-Cola from $63.00 to $68.00 in a research report on Wednesday, October 26th. Wedbush started coverage on shares of Coca-Cola in a research report on Monday, October 10th. They set an “outperform” rating and a $63.00 target price on the stock. Morgan Stanley cut their price target on Coca-Cola from $74.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, October 4th. Royal Bank of Canada set a $69.00 target price on Coca-Cola in a research report on Tuesday, July 26th. Finally, Wells Fargo & Company lowered their price target on Coca-Cola from $72.00 to $66.00 and set an “overweight” rating for the company in a report on Monday, October 3rd.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $62.08 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.95 and a current ratio of 1.13. The business’s fifty day moving average price is $58.26 and its two-hundred day moving average price is $61.28. The stock has a market cap of $268.47 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 4.04 and a beta of 0.57. Coca-Cola has a one year low of $52.28 and a one year high of $67.20.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.84%. Coca-Cola’s dividend payout ratio is currently 76.86%.

Insider Activity

In other Coca-Cola news, Director Herbert A. Allen III bought 33,200 shares of the stock in a transaction dated Friday, October 28th. The stock was bought at an average cost of $60.18 per share, for a total transaction of $1,997,976.00. Following the completion of the purchase, the director now directly owns 99,054 shares of the company’s stock, valued at $5,961,069.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Coca-Cola news, Director Herbert A. Allen III bought 33,200 shares of Coca-Cola stock in a transaction dated Friday, October 28th. The stock was bought at an average cost of $60.18 per share, for a total transaction of $1,997,976.00. Following the purchase, the director now owns 99,054 shares in the company, valued at approximately $5,961,069.72. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Henrique Braun sold 11,318 shares of Coca-Cola stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $64.35, for a total transaction of $728,313.30. Following the completion of the sale, the insider now owns 22,828 shares of the company’s stock, valued at approximately $1,468,981.80. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Institutional Trading of Coca-Cola

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FourThought Financial LLC boosted its holdings in Coca-Cola by 11.3% in the third quarter. FourThought Financial LLC now owns 7,286 shares of the company’s stock worth $408,000 after purchasing an additional 742 shares during the period. Sunbelt Securities Inc. lifted its holdings in Coca-Cola by 7.0% in the third quarter. Sunbelt Securities Inc. now owns 8,961 shares of the company’s stock worth $502,000 after acquiring an additional 587 shares during the last quarter. National Pension Service grew its holdings in shares of Coca-Cola by 3.9% during the third quarter. National Pension Service now owns 5,816,431 shares of the company’s stock valued at $329,036,000 after purchasing an additional 216,130 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Coca-Cola by 0.6% during the 3rd quarter. CENTRAL TRUST Co now owns 170,916 shares of the company’s stock worth $9,575,000 after purchasing an additional 1,019 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Coca-Cola by 0.9% in the 3rd quarter. M&T Bank Corp now owns 1,675,578 shares of the company’s stock worth $93,870,000 after purchasing an additional 14,421 shares during the last quarter. 68.93% of the stock is owned by institutional investors.

About Coca-Cola

(Get Rating)

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

See Also

Analyst Recommendations for Coca-Cola (NYSE:KO)

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