10 Ex-Dividend Stocks With Buy Ratings

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Tuesday, meaning an investor must purchase the shares Monday to qualify for the next dividend payment: Coca-Cola ( KO), Macy's ( M), Merck ( MRK), Eastman Chemical ( EMN), Digital Realty Trust ( DLR), Garmin ( GRMN), KBR ( KBR), Leggett & Platt ( LEG), Legg Mason ( LM), Wyndham Worldwide ( WYN).

Each of the stocks received a buy rating from TheStreet Ratings.

See the complete Dividend Calendar.


In recent news, the soft drink maker as well as its rival Pepsi ( PEP) are changing the way they make the coloring in their sodas to avoid the need for a cancer warning label in California, The Associated Press reported.

"We maintain our FY12E EPS of $3.98, but are shifting the flow of quarterly estimates," Bank of America Merrill Lynch analysts wrote in a Feb. 22 report. "We lower 1Q12 EPS from $0.88 to $0.85 to account for gross margins down 140bps versus the year-ago period. Also, we are raising 4Q12 EPS from $0.86 to $0.89, as gross margins should sequentially improve as commodity cost comparisons ease. We also factor in a pension contribution of $900mn in 1Q and are raising our FY12 capex expectations from $2.2bn to $3.1bn."

Forward Annual Dividend Yield: 3%

Rated "A (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was basically unchanged from last year.

Coca-Cola has weak liquidity. Its Quick Ratio is 0.78, which demonstrates a lack of ability to meet its short-term cash needs.

In the fourth quarter, stockholders' net worth increased 2.03% from the prior year.

TheStreet Ratings' price target is $80.39. The stock closed Friday at $69.51 and has ticked down slightly year to date.

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