The Coca-Cola Company (The) (KO) Receives “Hold” Rating from Credit Suisse Group, Report finds

The Coca-Cola Company (The) (KO) Receives “Hold” Rating from Credit Suisse Group, Report finds

A number of other brokerages also recently weighed in on KO. Goldman Sachs Group, Inc. (The) set a $44.00 price target on Coca-Cola Company (The) and gave the company a neutral rating in a report on Tuesday, October 25th. TheStreet cut Coca-Cola Company (The) from a buy rating to a hold rating in a research report on Wednesday, October 26th. Jefferies Group LLC reissued a hold rating and set a $46.00 price objective (up previously from $45.00) on shares of Coca-Cola Company (The) in a research report on Thursday, October 27th. Deutsche Bank AG cut Coca-Cola Company (The) from a buy rating to a hold rating and reduced their price objective for the company from $48.00 to $44.00 in a research report on Tuesday, December 13th. They noted that the move was a valuation call. Finally, RBC Capital Markets set a $49.00 price objective on Coca-Cola Company (The) and gave the company a buy rating in a research report on Thursday, October 13th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $45.08.

Credit Suisse Group reissued their hold rating on shares of Coca-Cola Company (The) (NYSE:KO) in a research report report published on Friday. They currently have a $42.00 price target on the stock.

Coca-Cola Company (NYSE:KO) opened at 40.58 on Friday. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $47.13. The firm has a market capitalization of $174.01 billion, a P/E ratio of 27.23 and a beta of 0.69. The firm has a 50-day moving average price of $41.45 and a 200 day moving average price of $42.15.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Coca-Cola Company (The) had a return on equity of 32.94% and a net margin of 15.59%. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. Coca-Cola Company (The)’s revenue for the quarter was down 5.9% compared to the same quarter last year. Analysts forecast that Coca-Cola Company will post $1.91 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Coca-Cola Company (The) by 2.0% in the second quarter. Vanguard Group Inc. now owns 273,897,295 shares of the company’s stock valued at $12,415,764,000 after buying an additional 5,478,675 shares in the last quarter. State Street Corp raised its stake in Coca-Cola Company (The) by 2.4% in the fourth quarter. State Street Corp now owns 171,779,844 shares of the company’s stock valued at $7,121,998,000 after buying an additional 4,023,734 shares in the last quarter. BlackRock Fund Advisors raised its stake in Coca-Cola Company (The) by 2.5% in the third quarter. BlackRock Fund Advisors now owns 60,254,078 shares of the company’s stock valued at $2,549,953,000 after buying an additional 1,492,283 shares in the last quarter. Northern Trust Corp raised its stake in Coca-Cola Company (The) by 3.5% in the third quarter. Northern Trust Corp now owns 50,093,237 shares of the company’s stock valued at $2,119,945,000 after buying an additional 1,704,510 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Coca-Cola Company (The) by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 47,084,172 shares of the company’s stock valued at $2,134,326,000 after buying an additional 1,077,013 shares in the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

Coca-Cola Company (The) Company Profile

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).

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