Coca-Cola Company (The) (KO) Given Consensus Recommendation of “Hold” by Analysts

Coca-Cola Company (The) (NYSE:KO) has been given a consensus recommendation of “Hold” by the twenty-seven analysts that are covering the stock. Two analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $45.63.

A number of equities analysts have weighed in on the stock. Vetr lowered shares of Coca-Cola Company (The) from a “strong-buy” rating to a “buy” rating and set a $45.34 price target on the stock. in a report on Wednesday, December 7th. Jefferies Group LLC set a $43.00 price target on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Tuesday, December 27th. Barclays PLC set a $40.00 price target on shares of Coca-Cola Company (The) and gave the company a “hold” rating in a report on Friday, February 10th. Credit Suisse Group set a $43.00 price target on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Tuesday, January 10th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $39.00 price target on shares of Coca-Cola Company (The) in a report on Monday, January 9th.

Coca-Cola Company (NYSE:KO) opened at 40.53 on Wednesday. The stock has a market cap of $173.79 billion, a price-to-earnings ratio of 27.20 and a beta of 0.69. The company has a 50-day moving average price of $41.40 and a 200 day moving average price of $42.07. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $47.13.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.21 billion. Coca-Cola Company (The) had a net margin of 15.59% and a return on equity of 32.94%. Coca-Cola Company (The)’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.38 EPS. On average, equities research analysts predict that Coca-Cola Company will post $1.89 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abner Herrman & Brock LLC raised its stake in shares of Coca-Cola Company (The) by 0.4% in the third quarter. Abner Herrman & Brock LLC now owns 4,760 shares of the company’s stock worth $201,000 after buying an additional 20 shares in the last quarter. Cambridge Advisors Inc. raised its stake in shares of Coca-Cola Company (The) by 0.3% in the third quarter. Cambridge Advisors Inc. now owns 8,061 shares of the company’s stock worth $341,000 after buying an additional 22 shares in the last quarter. Alpha Windward LLC raised its stake in shares of Coca-Cola Company (The) by 0.4% in the third quarter. Alpha Windward LLC now owns 7,453 shares of the company’s stock worth $315,000 after buying an additional 32 shares in the last quarter. Iowa State Bank raised its stake in shares of Coca-Cola Company (The) by 0.6% in the third quarter. Iowa State Bank now owns 5,292 shares of the company’s stock worth $224,000 after buying an additional 34 shares in the last quarter. Finally, Holderness Investments Co. raised its stake in shares of Coca-Cola Company (The) by 0.7% in the fourth quarter. Holderness Investments Co. now owns 5,999 shares of the company’s stock worth $249,000 after buying an additional 41 shares in the last quarter. 63.88% of the stock is owned by hedge funds and other institutional investors.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company’s segments include Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Bottling Investments, and Corporate. It markets, manufactures and sells beverage concentrates referred to as beverage bases, and syrups, including fountain syrups (concentrate business or concentrate operations), and finished sparkling and still beverages (finished product business or finished product operations).

5 Day Chart for NYSE:KO

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