Brokerage firm Jefferies Maintains its rating on The Coca-Cola Co(NYSE:KO). In a research note issued to the investors, the brokerage major Lowers the price-target to $45.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Jul 28, 2016.
In a different note, On Jun 29, 2016, Goldman Sachs said it Maintains its rating on The Coca-Cola Co. In the research note, the firm Lowers the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm.
The Coca-Cola Co (KO) shares turned negative on Thursdays trading session with the shares closing down -0.13 points or -0.30% at a volume of 1,12,44,053. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.795. The peak price level was also seen at $43.795 while the days lowest was $43.4. Finally the shares closed at $43.51. The 52-week high of the shares is $47.13 while the 52-week low is $36.56. According to the latest information available, the market cap of the company is $187,790 M.
The Coca-Cola Co has also declared a cash dividend of $0.3500 on Jul 21, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed on Sep 15, 2016. The dividend payable date has been fixed on Oct 3, 2016.
The Coca-Cola Co(KO) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $11.52B. Analysts had an estimated revenue of $11.70B. Earnings per share were $0.60. Analysts had estimated an EPS of $0.58.
Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, J Alexander Jr Douglas (Executive Vice President) sold 572,748 shares at $45.25 per share price.Also, On Apr 26, 2016, Larry M Mark (Vice President, Controller) sold 28,000 shares at $44.52 per share price.On Apr 7, 2016, Brent Hastie (Senior Vice President) sold 18,670 shares at $46.60 per share price, according to the Form-4 filing with the securities and exchange commission.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands primarily sparkling beverages but also a range of still beverages such as waters enhanced waters juices and juice drinks ready-to-drink teas and coffees and energy and sports drinks. It owns and markets a range of nonalcoholic sparkling beverage brands such as Coca-Cola Diet Coke Fanta and Sprite. The Company makes its beverage products available to consumers throughout the world through its network of Company-owned or controlled bottling and distribution operations as well as independent bottling partners distributors wholesalers and retailers. The Companys segments include Eurasia and Africa Europe Latin America North America Asia Pacific Bottling Investments and Corporate.