Brokerages Set Coca-Cola Company (The) (NYSE:KO) Target Price at $45.17
- Thibaud Bourcier
The company has an average rating of "Hold" and an average price target of $45.70.
Institutional investors have recently made changes to their positions in the stock.
Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th.
Shares of Coca-Cola Company (KO) opened at 45.59 on Tuesday. Balasa Dinverno & Foltz LLC's holdings in Coca-Cola Company (The) were worth $495,000 at the end of the most recent quarter. Coca Cola HBC AG has a 12-month low of GBX 1,602.00 and a 12-month high of GBX 2,656.00. Boston Partners now owns 10,385,613 shares of the company's stock worth $391,434,000 after buying an additional 1,118,182 shares in the last quarter. Barclays PLC reissued an "underweight" rating and issued a GBX 1,775 ($23.11) price target on shares of Coca Cola HBC AG in a report on Tuesday, May 30th. Finally, Vetr raised Coca-Cola Company (The) from a "hold" rating to a "buy" rating and set a $44.81 target price for the company in a research note on Monday, April 24th. Wells Fargo & Company MN raised its position in shares of Coca-Cola European Partners PLC by 139.7% in the first quarter.
On average, analysts expect that Coca-Cola Company (The) will report full year sales of $8.81 billion for the current year, with estimates ranging from $34.68 billion to $35.60 billion. The institutional investor owned 127,096 shares of the company's stock after buying an additional 60,258 shares during the period. Global Financial Private Capital LLC boosted its stake in Coca-Cola Company (The) by 30.7% in the second quarter. The company reported $0.59 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Glenview Capital Management LLC increased its stake in Coca-Cola European Partners PLC by 114.5% in the first quarter. The stock's market capitalization is GBX 9.41 billion. Jefferies Group LLC reissued a "buy" rating and issued a GBX 2,200 ($28.65) price target on shares of Coca Cola HBC AG in a report on Friday, May 12th. Whalerock Point Partners LLC increased its position in Coca-Cola Company (The) by 1.7% in the fourth quarter. State Street Corp now owns 173,789,519 shares of the company's stock valued at $7,375,663,000 after buying an additional 2,009,675 shares during the period. First Manhattan Co. now owns 10,922 shares of the company's stock valued at $435,000 after buying an additional 187 shares during the last quarter.
Asian markets suffer bloodbath over escalating US, North Korea tensions
The data comes amid tepid inflation that has remained below the Fed's 2 percent target, despite low unemployment. Instead, investors turned to assets that tend to benefit in times of geopolitical and financial stress.
Other equities research analysts have also issued research reports about the stock. Northern Trust Corp now owns 50,761,341 shares of the company's stock worth $2,276,647,000 after buying an additional 2,167,225 shares during the period. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. Coca-Cola HBC has recorded a 50-day average of 2,287.94GBX and a two hundred day average of 2,122.49GBX. During the same quarter a year ago, the company posted $0.60 EPS. The firm's revenue for the quarter was down 15.9% compared to the same quarter a year ago.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. The ex-dividend date was Thursday, June 29th. This represents a yield of 1.71%. Coca-Cola Company (The)'s dividend payout ratio (DPR) is presently 154.17%. Insiders own 1.51% of the company's stock.
ILLEGAL ACTIVITY NOTICE: "Balasa Dinverno & Foltz LLC Reduces Stake in Coca-Cola Company (The) (NYSE:KO)" was originally posted by Stock Observer and is owned by of Stock Observer. The legal version of this piece can be accessed at https://www.thestockobserver.com/2017/08/13/balasa-dinverno-foltz-llc-has-495000-stake-in-coca-cola-company-the-nyseko-updated.html. BidaskClub upgraded Coca-Cola European Partners PLC from a "hold" rating to a "buy" rating in a report on Thursday, August 3rd. Zacks Investment Research raised Coca-Cola Company (The) from a "sell" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Friday, April 21st.
In related news, insider JAN GUSTAVSSON purchased 104 shares of the business's stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $45.61, for a total value of $402,234.59. If you are accessing this story on another publication, it was illegally copied and republished in violation of USA & global trademark and copyright legislation. The sale was disclosed in a filing with the SEC, which is accessible through this link. Following the transaction, the insider now directly owns 118,000 shares in the company, valued at $5,333,600. Also, insider J Alexander Douglas, Jr. sold 180,738 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average cost of GBX 2,205 ($28.71) per share, for a total transaction of £727.65 ($947.58). Bancorpsouth Inc. now owns 81,637 shares of the company's stock valued at $3,662,000 after buying an additional 3,139 shares during the period. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 614,841 shares of company stock valued at $27,900,186.
The Company produces, sells and distributes beverage brands.
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