Barclays PLC Analysts Give The Coca-Cola Co (KO) a $45.00 Price Target

Stephen Butterfield with Tomasz Parzyk environmental manager at CCEP Wakefield in front of the solar farm
Stephen Butterfield with Tomasz Parzyk environmental manager at CCEP Wakefield in front of the solar farm
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19 May, 2017

Abner Herrman & Brock LLC boosted its position in shares of The Coca-Cola by 0.4% in the third quarter. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.01. Finally, SRS Capital Advisors Inc. acquired a new position in shares of The Coca-Cola during the fourth quarter worth $127,000. Stoneridge Investment Partners LLC boosted its position in Coca-Cola Bottling Co. 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. Institutional investors and hedge funds own 63.88% of the company's stock. Iowa State Bank now owns 5,292 shares of the company's stock valued at $224,000 after buying an additional 34 shares during the period. The company has a market cap of $186.82 billion, a PE ratio of 30.771 and a beta of 0.69.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 5.21%, and has a solid year to date (YTD) performance of 6.89% which means the stock is constantly adding to its value from the previous fiscal year end price. The Coca-Cola has a 1-year low of $39.88 and a 1-year high of $46.01.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Coca-Cola Company (NYSE:KO) high price target of $50 and with a conservative view have low price target of $39. The firm owned 1,737 shares of the company's stock after buying an additional 1,004 shares during the period.

The Coca-Cola Co (NYSE:KO) has risen 6.00% since April 19, 2017 and is uptrending. During the same quarter in the previous year, the firm earned $0.45 earnings per share.

The company's expected revenue in the current quarter to be 9.66 Billion, seeing a projected current quarter growth of -3.3%, and per annum growth estimates over the next 5 year period of around 4.83%. The Coca-Cola had a return on equity of 32.94% and a net margin of 15.59%. During the same quarter a year ago, the business earned $0.45 earnings per share. Analysts are expecting EPS growth rates to be at -10.40% this quarter and EPS estimate for next year reflect a 5.05% growth rate.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be given a $0.37 dividend. A recommendation of 1 or 2 would represent a consensus Buy. The ex-dividend date was Wednesday, April 26th. The Coca-Cola's dividend payout ratio (DPR) is now 93.33%. It dived, as 76 investors sold The Coca-Cola Co shares while 623 reduced holdings. "NE" was first published by BBNS and is the property of of BBNS. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. and global trademark and copyright law. The original version of this story can be accessed at https://transcriptdaily.com/2017/05/19/the-coca-cola-co-ko-to-post-fy2021-earnings-of-2-50-per-share-gabelli-forecasts-updated-updated.html. Other changes at the time included appointing a chief innovation officer, turning research and development into a standalone innovation function, also reporting to Quincey, along with having the brand's information technology division work more directly with the CEO. Finally, Vetr upgraded The Coca-Cola from a "hold" rating to a "buy" rating and set a $44.81 price objective on the stock in a report on Monday, April 24th. Barclays PLC set a $45.00 target price on shares of The Coca-Cola and gave the stock a "neutral" rating in a report on Monday.

04/18/2017 - Coca-Cola Company (The) had its "hold" rating reiterated by analysts at Jefferies.

Additionally on 3/21/17 JP Morgan "Initiates Coverage On" Coca-Cola Company (NYSE:KO) to Neutral setting price target at $43 and on 1/19/17 Wells Fargo "Downgrades" the stock to Market Perform at $0. The Coca-Cola has a consensus rating of "Hold" and an average target price of $44.54.

In other news, insider J Alexander Douglas, Jr. sold 22,000 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $43.25, for a total transaction of $951,500.00. Also, insider Dimitris Lois purchased 99 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock price increased 0.18% or $-0.08 versus $43.85 at the end of the prior session. Following the completion of the transaction, the insider now owns 149,185 shares in the company, valued at approximately $6,479,104.55. The disclosure for this sale can be found here. 70,525 shares of the company's stock were exchanged.

Coca-Cola's SVP of strategic marketing and head of media operations in North America Ivan Pollard is leaving the company immediately, according to report in Ad Age.


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