The company presently has a consensus rating of "Hold" and an average target price of $45.70.
Several hedge funds have recently made changes to their positions in the company.
Coca-Cola European Partners PLC (NYSE:CCE) last released its quarterly earnings results on Thursday, August 10th.
Coca-Cola European Partners PLC (CCE) opened at 43.75 on Friday. Spears Abacus Advisors LLC boosted its stake in Coca-Cola Company (The) by 33.1% in the second quarter. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.43. Vanguard Group Inc. now owns 275,221,018 shares of the company's stock valued at $12,343,662,000 after buying an additional 4,818,963 shares during the period. Barclays PLC restated a "buy" rating and issued a $46.00 price target on shares of Coca-Cola European Partners PLC in a report on Friday, July 21st. Credit Suisse Group reiterated a "buy" rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Thursday, April 27th. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Coca-Cola Company (The) by 8.6% in the first quarter. On average, equities research analysts anticipate that Coca-Cola European Partners PLC will post $2.46 EPS for the current year. The institutional investor owned 127,096 shares of the company's stock after buying an additional 60,258 shares during the period. State Street Corp boosted its position in shares of Coca-Cola Company (The) by 1.2% in the first quarter. The firm had revenue of $9.70 billion during the quarter, compared to analysts' expectations of $9.62 billion. Eagle Ridge Investment Management purchased a new stake in shares of Coca-Cola Company (The) during the second quarter worth about $138,000. The stock's market capitalization is GBX 9.41 billion. Wells Fargo & Company reaffirmed a "market perform" rating and set a $43.00 target price on shares of Coca-Cola Company (The) in a research note on Friday, April 28th. Meeder Asset Management Inc. boosted its stake in shares of Coca-Cola Company (The) by 59.4% in the second quarter. State Street Corp now owns 173,789,519 shares of the company's stock worth $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.
On average, equities research analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year. Whalerock Point Partners LLC now owns 6,063 shares of the company's stock valued at $252,000 after buying an additional 100 shares in the last quarter. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The stock has a 50 day moving average of GBX 2,296.08 and a 200-day moving average of GBX 2,131.30. During the same quarter past year, the business posted $0.60 earnings per share. The firm's quarterly revenue was down 15.9% on a year-over-year basis. Finally, Norges Bank acquired a new stake in Coca-Cola Company (The) during the fourth quarter worth approximately $1,486,731,000.
The firm also recently disclosed a dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, September 15th will be issued a dividend of $0.37 per share. The ex-dividend date was Thursday, June 29th. This represents a $1.48 annualized dividend and a yield of 3.25%. Insiders own 1.51% of the company's stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by BBNS and is owned by of BBNS. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/08/13/coca-cola-company-the-nyseko-receives-consensus-recommendation-of-hold-from-analysts-updated-updated-updated.html. Zacks Investment Research cut Coca-Cola Company (The) from a "buy" rating to a "hold" rating in a research note on Tuesday, August 1st.
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 34 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was acquired at an average price of GBX 2,329 ($30.33) per share, with a total value of £768.57 ($1,000.87). If you are reading this piece of content on another website, it was copied illegally and reposted in violation of U.S. and worldwide trademark and copyright legislation. Following the sale, the insider now directly owns 118,000 shares in the company, valued at $5,333,600. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 614,841 shares of company stock worth $27,900,186. 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.
Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages.