Among 12 analysts covering Coca-Cola (NYSE:KO), 5 have Buy rating, 0 Sell and 7 Hold.
Shares are trading at a low double-digit discount to our valuation and have more than a 3% dividend yield, which we view as an attractive entry point for this wide-moat name. The company maintains price to book ratio of 0.88. From the start of year 2017 to present date KO reported slumped performance of -4.14%. The market capitalization of the company is $190.41 Billion. Coca-Cola is looking to gain ground in that market: It bought the rights to sell the Mexican mineral water Topo Chico in the United States last October. The price target set for the stock is $50.03, and this sets up an impressive set of potential movement for the stock.
The stock of The Coca-Cola Company and BlackBerry Limited were two of the most active stocks on Friday. The stock rating was upgraded by Goldman Sachs to “Hold” on Tuesday, April 17. Stifel Nicolaus maintained it with “Hold” rating and $49.0 target in Friday, December 22 report. The shares recently went down by -1.29% or -$0.57 and now trades at $43.74.
Net profit also beat consensus forecasts by 1 cent per share, the drink maker said, and its shares rose about 1 percent to $44.44 in premarket trade. Its 52-week high and low range is $48.62 and $42.19, respectively.
Coca-Cola’s stock slipped 2 percent to $43.08 on Tuesday. Its revenue totaled $7.36 billion down -18.74% from the previous quarter. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%.
In its outlook, the company said it continues to expect full-year adjusted EPS growth of 8% to 10% year over year and 4% revenue growth. The firm has “Buy” rating by UBS given on Friday, July 8. Shareholders of record on Thursday, March 15th were paid a dividend of $0.39 per share. MANN JENNIFER K sold $84,735 worth of The Coca-Cola Company (NYSE:KO) on Monday, March 12.
While the earnings report doesn’t mention recent US staff reductions, Coca-Cola has reduced mostly management staff in its Atlanta headquarters by 250 to 350 positions as part of an ongoing reorganization. And the recent acquisition of Topo Chico’s US distribution rights paid off: The mineral water brand’s USA retail value was up more than 30 percent in the quarter, Coke said. The total dollar value of all 4.34 billion outstanding shares is 190.85 billion. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. It also upped Washingtonfirst Bankshares I (NASDAQ:WFBI) stake by 35,259 shares and now owns 259,583 shares. LONG ROBERT EDWARD had sold 15,000 shares worth $719,250. Monarch Capital Management Inc owns 170,319 shares or 2.91% of their USA portfolio. The disclosure for this sale can be found here. It increased, as 51 investors sold KO shares while 623 reduced holdings. Portfolio Solutions LLC acquired a new stake in The Coca-Cola during the first quarter worth $108,000.
First-quarter organic sales rise 5%. A stock with a beta more than 1 means high volatile and less than 1 means low volatile. Cornerstone Capital Inc. boosted its stake in The Coca-Cola by 65.0% in the 4th quarter. First Bankshares Of Omaha has invested 0.15% of its portfolio in The Coca-Cola Company (NYSE:KO). Coca-Cola is expanding its venture model beyond the US and has already started looking for investment candidates in Central and Eastern Europe, the company has previously said.