UBS, Bank of America Merrill Lynch Raise Price Target, Estimates on The Coca-Cola Company (KO)

UBS, Bank of America Merrill Lynch Raise Price Target, Estimates on The Coca-Cola Company (KO)


On Wednesday, the price target and earnings estimates of the world’s largest beverage company, The Coca-Cola Company (KO), were raised by analysts at UBS and Bank of America Merill Lynch.

The analysts at UBS believe that Coca-Cola’s margins and returns should improve as the company refranchises North American distribution. As such, the analysts now see shares of KO reaching $45. This new price target suggests a 6% upside to Tuesday’s closing price of $42.37.

Bank of America Merrill Lynch analysts also raised the price target on KO, but to $46. This target suggests an 8% upside to Tuesday’s closing price. Furthermore, the analysts increase earnings estimates through 2015 on KO, as the company is seeing better case growth and operating leverage. The analysts give KO a “Buy” rating.

Coca-Cola shares were down 14 cents, or -0.33%, during Wednesday morning trading. The stock is up +17.08% year-to-date.

The Bottom Line
Shares of Coca-Cola (KO) have a dividend yield of 2.65% based on Wednesday’s intraday trading price of $42.23 and the company’s annualized dividend payout of $1.12 per share.

The Coca-Cola Company (KO) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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