The Coca-Cola Company (NYSE: KO) has received an average rating of "Moderate Buy" from 24 sell-side brokerages, according to MarketBeat. The ratings include three "hold" recommendations, 20 "buy" recommendations, and one "strong buy." Analysts have set an average 1-year price target of $97.26 for the stock.
Recent research reports have shown varied price targets for Coca-Cola. CICC Research increased their target from $85.00 to $95.00 with an "outperform" rating. HSBC boosted their target from $90.00 to $98.00 with a "buy" rating. Jefferies Financial Group upped their target from $95.00 to $104.00 with a "buy" rating. Bank of America increased their target from $95.00 to $100.00 with a "buy" rating. Wells Fargo & Company raised their target from $90.00 to $100.00 with an "overweight" rating.
Coca-Cola's stock opened at $95.69 on Friday. The company has a market cap of $411.63 billion, a PE ratio of 28.14, and a P/E/G ratio of 3.73. The stock has a 1-year low of $67.27 and a 1-year high of $97.39. The company reported earnings per share of $0.91 for the quarter, beating analysts' estimates of $0.88. Revenue for the quarter was $13.35 billion, up 7.2% year-over-year.
The company announced a quarterly dividend of $0.53 per share, payable on December 15th. Insider transactions include EVP Beatriz R. Perez selling 67,548 shares at $94.91 each, and Sanket Ray selling 9,958 shares at $86.50 each. Institutional investors own 70.26% of the company's stock.