The Coca-Cola Company Started as a “Buy” at Buckingham Research (KO)

in Gold Gold Investing by admin — March 19, 2010 5:47 am | no comments

Soft drink superpower The Coca-Cola Company ( KO ) saw its coverage initiated with a “Buy” rating on Friday by analysts at Buckingham Research. The analyst also set a $65 price target on KO shares, which had closed at $53.95 on Thursday. That target represents a nearly 21% upside to Thursday’s closing price. Coca-Cola shares were mostly flat in premarket trading Friday. The Bottom Line We have been recommending shares of KO since July 30, when the stock was trading at $49.28. The company has a 3.26% dividend yield, based on last night’s closing stock price of $53.95. The Coca-Cola Company ( KO ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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 .