The company has a consensus rating of Hold and an average target price of $45.70. The institutional investor owned 11,665 shares of the company's stock after selling 341 shares during the period.
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 Monday. 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 Company has a one year low of $39.88 and a one year high of $46.43. Delta Asset Management LLC TN now owns 27,161 shares of the company's stock valued at $1,152,000 after buying an additional 96 shares in the last quarter. Vetr upgraded shares of Coca-Cola Company (The) from a "hold" rating to a "buy" rating and set a $44.81 target price on the stock in a research note on Monday, April 24th. (The) reaffirmed a sell rating and issued a $41.00 price objective on shares of Coca-Cola Company (The) in a research note on Wednesday, April 26th. BlackRock Inc. increased its stake in Coca-Cola Company (The) by 0.3% in the second 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. Following the completion of the sale, the insider now owns 26,567 shares in the company, valued at $1,222,347.67. State Street Corp boosted its position in shares of Coca-Cola Company (The) by 1.2% in the first quarter. The company reported $0.59 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.57 by $0.02. Eagle Ridge Investment Management purchased a new stake in shares of Coca-Cola Company (The) during the second quarter worth about $138,000. The company has a market cap of $194.46 billion, a price-to-earnings ratio of 48.14 and a beta of 0.69. Wetherby Asset Management Inc. raised its position in shares of Coca-Cola European Partners PLC by 1.6% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company's stock worth $116,000 after buying an additional 129 shares during the period. BlackRock Inc. now owns 241,677,773 shares of the company's stock valued at $10,839,247,000 after buying an additional 750,257 shares during the period.
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A number of other equities research analysts also recently weighed in on the company. Ontario Teachers Pension Plan Board now owns 279,218 shares of the company's stock worth $12,523,000 after buying an additional 48,670 shares in the last quarter. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. The company has a 50-day moving average of $45.14 and a 200 day moving average of $43.57. During the same quarter in the prior year, the business earned $0.56 earnings per share. The firm's quarterly revenue was down 15.9% on a year-over-year basis. Finally, Norges Bank bought a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at $1,486,731,000.
The company also recently disclosed a dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $1.48 annualized dividend and a yield of 3.25%. Coca-Cola Company (The)'s payout ratio is 154.17%. Institutional investors and hedge funds own 63.68% 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 correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/08/13/coca-cola-company-the-ko-price-target-lowered-to-46-00-at-bmo-capital-markets-updated.html. Zacks Investment Research's sales averages are an average based on a survey of sell-side analysts that that provide coverage for Coca-Cola Company (The). 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 other Coca-Cola Company (The) news, insider Beatriz R. Perez sold 29,282 shares of the business's stock in a transaction on Wednesday, June 14th. Also, insider SANDA PAREZANOVIC purchased 33 shares of the business's stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. The stock was sold at an average price of $45.99, for a total transaction of $8,312,140.62. The disclosure for this sale can be found here. In the last three months, insiders sold 614,841 shares of company stock valued at $27,900,186. If you are accessing this piece on another site, it was stolen and reposted in violation of US and global copyright and trademark law. Following the sale, the insider now owns 315,606 shares in the company, valued at $14,514,719.94. 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.
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