Coca-Cola (NYSE:KO) has been given a $41.00 target price by equities research analysts at Susquehanna Bancshares in a report released on Wednesday, November 15th. The brokerage presently has a “hold” rating on the stock. Susquehanna Bancshares’ target price points to a potential downside of 11.31% from the company’s current price.
A number of other research analysts have also recently weighed in on KO. Citigroup set a $53.00 target price on shares of Coca-Cola and gave the company a “buy” rating in a research note on Thursday, August 3rd. Cowen reiterated a “hold” rating and issued a $42.00 price target on shares of Coca-Cola in a research note on Thursday, September 28th. Jefferies Group set a $47.00 price target on shares of Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, July 27th. Macquarie began coverage on shares of Coca-Cola in a research note on Friday, September 15th. They issued a “neutral” rating and a $47.00 price target on the stock. Finally, Vetr downgraded shares of Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $45.35 target price on the stock. in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.80.
Shares of Coca-Cola (NYSE:KO) traded up $0.26 during trading on Wednesday, hitting $46.23. 17,523,480 shares of the stock traded hands, compared to its average volume of 11,503,192. The stock has a market cap of $196,970.00, a PE ratio of 24.32, a PEG ratio of 3.89 and a beta of 0.70. Coca-Cola has a 1-year low of $40.22 and a 1-year high of $47.48. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.
Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The business had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter last year, the company posted $0.49 EPS. The company’s revenue was down 14.6% compared to the same quarter last year. equities research analysts expect that Coca-Cola will post 1.9 EPS for the current fiscal year.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the sale, the insider now owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.51% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. North American Management Corp increased its stake in shares of Coca-Cola by 10.3% in the second quarter. North American Management Corp now owns 6,435 shares of the company’s stock worth $289,000 after acquiring an additional 600 shares during the period. Summit Financial Group Inc. acquired a new stake in shares of Coca-Cola in the second quarter worth $2,779,000. Global X Management Co. LLC increased its stake in shares of Coca-Cola by 6.0% in the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after acquiring an additional 12,513 shares during the period. Montecito Bank & Trust increased its stake in shares of Coca-Cola by 90.2% in the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after acquiring an additional 60,258 shares during the period. Finally, BB&T Corp increased its stake in shares of Coca-Cola by 9.5% in the second quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after acquiring an additional 78,932 shares during the period. Institutional investors and hedge funds own 65.38% of the company’s stock.
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Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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