The Coca-Cola Co (NYSE:KO) – Equities research analysts at SunTrust Banks raised their FY2018 EPS estimates for The Coca-Cola in a report issued on Monday, Zacks Investment Research reports. SunTrust Banks analyst W. Chappell now expects that the company will earn $2.10 per share for the year, up from their prior forecast of $1.98.
Several other brokerages have also recently issued reports on KO. Susquehanna Bancshares set a $41.00 target price on shares of The Coca-Cola and gave the company a “hold” rating in a research report on Wednesday, November 15th. Goldman Sachs Group set a $45.00 target price on shares of The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. set a $49.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, November 16th. Wells Fargo & Co upgraded shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and upped their target price for the company from $46.72 to $51.00 in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $49.01.
Shares of The Coca-Cola (NYSE:KO) opened at $46.73 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The stock has a market cap of $199,100.00, a PE ratio of 44.50, a PEG ratio of 3.80 and a beta of 0.70. The Coca-Cola has a 1 year low of $40.22 and a 1 year high of $48.62.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of The Coca-Cola by 1.8% during the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after purchasing an additional 4,818,963 shares in the last quarter. BlackRock Inc. boosted its stake in shares of The Coca-Cola by 0.3% during the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock valued at $10,839,247,000 after purchasing an additional 750,257 shares in the last quarter. Capital World Investors boosted its stake in shares of The Coca-Cola by 8.9% during the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares in the last quarter. Northern Trust Corp boosted its stake in shares of The Coca-Cola by 4.5% during the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock valued at $2,276,647,000 after purchasing an additional 2,167,225 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of The Coca-Cola by 1.0% during the second quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock valued at $1,699,722,000 after purchasing an additional 383,733 shares in the last quarter. Hedge funds and other institutional investors own 65.35% of the company’s stock.
In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the transaction, the insider now directly owns 24,673 shares in the company, valued at approximately $1,183,070.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the transaction, the insider now owns 320,013 shares in the company, valued at $14,749,399.17. The disclosure for this sale can be found here. Insiders sold a total of 460,649 shares of company stock worth $21,379,611 over the last 90 days. Insiders own 1.51% of the company’s stock.
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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.
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