Societe Generale set a $47.00 price target on Coca-Cola Company (The) (NYSE:KO) in a research note released on Thursday. The firm currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Credit Suisse Group reiterated a buy rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a report on Monday, July 24th. Macquarie assumed coverage on Coca-Cola Company (The) in a report on Friday, September 15th. They set a neutral rating and a $47.00 target price for the company. Susquehanna Bancshares Inc set a $39.00 target price on Coca-Cola Company (The) and gave the stock a hold rating in a report on Wednesday, July 26th. Stifel Nicolaus reiterated a hold rating and set a $45.00 target price on shares of Coca-Cola Company (The) in a report on Friday, July 14th. Finally, BidaskClub upgraded Coca-Cola Company (The) from a sell rating to a hold rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $47.16.

Shares of Coca-Cola Company (NYSE KO) traded down 0.48% during trading on Thursday, hitting $45.85. The stock had a trading volume of 4,654,848 shares. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.98. The stock has a market capitalization of $195.56 billion, a price-to-earnings ratio of 48.42 and a beta of 0.70. The stock’s 50 day moving average is $45.91 and its 200 day moving average is $45.09.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. On average, equities research analysts expect that Coca-Cola Company will post $1.89 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a yield of 3.21%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 140.95%.

In other Coca-Cola Company (The) news, insider Jennifer K. Mann sold 8,819 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $45.61, for a total transaction of $402,234.59. Following the completion of the sale, the insider now directly owns 30,553 shares in the company, valued at $1,393,522.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider J Alexander Douglas, Jr. sold 180,738 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.99, for a total transaction of $8,312,140.62. Following the sale, the insider now owns 315,606 shares of the company’s stock, valued at $14,514,719.94. The disclosure for this sale can be found here. Insiders have sold 324,979 shares of company stock valued at $14,948,552 over the last 90 days. Company insiders own 1.51% of the company’s stock.

A number of hedge funds have recently modified their holdings of KO. Signature Estate & Investment Advisors LLC lifted its position in Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after acquiring an additional 129 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Coca-Cola Company (The) by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after acquiring an additional 1,026 shares during the last quarter. Eagle Ridge Investment Management acquired a new stake in Coca-Cola Company (The) during the second quarter worth approximately $138,000. SRS Capital Advisors Inc. lifted its position in Coca-Cola Company (The) by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after acquiring an additional 264 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in Coca-Cola Company (The) during the second quarter worth approximately $142,000. Hedge funds and other institutional investors own 64.62% of the company’s stock.

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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