The Coca-Cola (NYSE:KO) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a report released on Friday, December 22nd. The brokerage currently has a $47.68 price objective on the stock. Vetr‘s price target would indicate a potential upside of 3.32% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Macquarie began coverage on The Coca-Cola in a report on Friday, September 15th. They issued a “neutral” rating and a $47.00 price objective for the company. Jefferies Group reiterated a “hold” rating and issued a $47.00 price objective on shares of The Coca-Cola in a report on Thursday, September 7th. Morgan Stanley set a $48.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, October 26th. Goldman Sachs Group set a $45.00 price objective on The Coca-Cola and gave the stock a “sell” rating in a report on Thursday, October 26th. Finally, Susquehanna Bancshares set a $41.00 price objective on The Coca-Cola and gave the stock a “hold” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $49.01.
Shares of The Coca-Cola (NYSE:KO) traded up $0.11 during trading hours on Friday, hitting $46.15. The stock had a trading volume of 14,570,149 shares, compared to its average volume of 10,870,000. The Coca-Cola has a 1 year low of $40.22 and a 1 year high of $47.48. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The company has a market capitalization of $196,630.00, a P/E ratio of 43.95, a PEG ratio of 3.69 and a beta of 0.70.
The 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, beating the consensus estimate of $0.49 by $0.01. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period last year, the company earned $0.49 earnings per share. The company’s revenue was down 14.6% on a year-over-year basis. analysts expect that The Coca-Cola will post 1.91 EPS for the current year.
In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.51% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Grimes & Company Inc. lifted its holdings in The Coca-Cola by 7.6% in the 1st quarter. Grimes & Company Inc. now owns 19,914 shares of the company’s stock worth $845,000 after purchasing an additional 1,400 shares in the last quarter. Nwam LLC lifted its holdings in The Coca-Cola by 14.6% in the 1st quarter. Nwam LLC now owns 7,594 shares of the company’s stock worth $322,000 after purchasing an additional 965 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in The Coca-Cola by 61.5% in the 1st quarter. Alpha Cubed Investments LLC now owns 293,238 shares of the company’s stock worth $12,445,000 after purchasing an additional 111,718 shares in the last quarter. Wrapmanager Inc. lifted its holdings in The Coca-Cola by 6.0% in the 1st quarter. Wrapmanager Inc. now owns 37,795 shares of the company’s stock worth $1,604,000 after purchasing an additional 2,144 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in The Coca-Cola by 5.0% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after purchasing an additional 129 shares in the last quarter. 65.30% of the stock is currently owned by hedge funds and other institutional investors.
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The 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.
To view Vetr’s full report, visit Vetr’s official website.
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