Coca Cola Company Announces Quarterly Dividends For Shareholders

The beverage making company has planned to distribute dividend on July 1, 2015.

Coca-Cola Company was recently seen to have announced dividend for the quarter to be given to the shareholders of the company. Since the beverage company has been facing a loss for quite some time, the dividend that will be granted to the shareholders per one share will be $0.33. This will only be granted to the shareholders who are registered with the firm as of June 15, 2015. The beverage firm was seen making this important announcement on Thursday, April 30, according to a report presented by Analysts Rating Network. This dividend will be granted to the shareholders by the company on July 1, 2015.

On the other hand, the Coca-Cola Co stock has been covered by a number of analysts firms who have different opinions and analysis on the activities of the firm on the stock index. According to the analysts at equity firm Vetr, the firm has been given a ‘hold’ rating with a price target of $40.30. The same analysts had given a ‘buy’ rating to the company in the past. This information was given in a research report that was submitted by the analytical firm on Thursday.

As for the TheStreet ratings, Coca-Cola has been yet again given a ‘buy’ rating to the stock. Moreover, Deutsche Bank has analysts who have given the beverage company a ‘buy’ rating, as well as a price target of $45.00. The highest price target that the company has so far received is from the analysts at Nomura who have set a target of around $53.00 on the shares with a ‘buy’ rating as well. Nomura presented this in a research report on April 14.

On an average, the company has received a ‘sell’ rating from around two equity firms while eight analysts who made coverage on the stock have granted a ‘hold’ rating to the firm. Out of all the firms, eleven have suggested a ‘buy’ rating to the Coca-Cola shares. The beverage firm has an average of a ‘hold’ rating while the price target that stands at an average currently has come around to be $44.32.

The company was seen announcing its quarterly earnings on April 22, 2015 in which it declared earnings per share of $0.48 per share which went way ahead the estimations of the analysts who had predicted the EPS to turn out to be $0.42.