Somewhat Positive Media Coverage Somewhat Unlikely to Affect The Coca-Cola (KO) Share Price

Media coverage about The Coca-Cola (NYSE:KO) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Coca-Cola earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.8174734622007 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern’s analysis:

The Coca-Cola (KO) traded down $0.15 on Wednesday, reaching $44.04. The company had a trading volume of 5,875,033 shares, compared to its average volume of 13,589,342. The firm has a market cap of $188,280.00, a PE ratio of 41.81, a price-to-earnings-growth ratio of 3.54 and a beta of 0.70. 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 Coca-Cola has a 1 year low of $40.40 and a 1 year high of $48.62.

A number of equities analysts have issued reports on KO shares. Royal Bank of Canada set a $49.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research report on Sunday, November 12th. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Evercore ISI upgraded The Coca-Cola from an “in-line” rating to an “outperform” rating and raised their target price for the company from $46.04 to $55.00 in a research report on Friday, January 12th. Zacks Investment Research downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co upgraded The Coca-Cola from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $46.72 to $51.00 in a research report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.01.

In other news, insider Ed Hays sold 84,400 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total value of $4,009,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Edward Long sold 15,000 shares of the business’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 completion of the transaction, the insider now owns 24,673 shares in the company, valued at approximately $1,183,070.35. The disclosure for this sale can be found here. Insiders have sold a total of 122,640 shares of company stock valued at $5,800,776 over the last ninety days. 1.51% of the stock is owned by company insiders.

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About The Coca-Cola

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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