The Coca-Cola (NYSE:KO)‘s stock had its “neutral” rating reissued by equities researchers at Societe Generale in a research note issued to investors on Monday. They currently have a $48.80 price target on the stock. Societe Generale’s price target points to a potential upside of 10.93% from the stock’s current price.
A number of other analysts have also recently weighed in on KO. Jefferies Group reissued a “hold” rating and issued a $47.00 price objective on shares of The Coca-Cola in a research report on Wednesday, October 25th. Susquehanna Bancshares set a $41.00 price objective on The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday, October 25th. JPMorgan Chase & Co. set a $48.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Morgan Stanley set a $48.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Hold” and a consensus price target of $49.24.
Shares of The Coca-Cola (NYSE KO) opened at $43.99 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $187,430.00, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 3.61 and a beta of 0.70. The Coca-Cola has a 52-week low of $41.05 and a 52-week high of $48.62.
The Coca-Cola (NYSE:KO) last announced its earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The business’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. equities research analysts forecast that The Coca-Cola will post 2.03 earnings per share for the current fiscal year.
In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of The Coca-Cola stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the completion of the transaction, the chief financial officer now owns 123,796 shares in the company, valued at approximately $5,713,185.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Edward Long sold 15,000 shares of The Coca-Cola 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 owns 24,673 shares of the company’s stock, valued at approximately $1,183,070.35. The disclosure for this sale can be found here. Insiders sold a total of 122,640 shares of company stock valued at $5,800,776 in the last 90 days. 1.51% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Santori & Peters Inc. purchased a new position in shares of The Coca-Cola in the 4th quarter valued at about $127,000. Veritas Investment Management LLP purchased a new position in shares of The Coca-Cola in the 3rd quarter valued at about $135,000. Spectrum Management Group Inc. purchased a new position in shares of The Coca-Cola in the 3rd quarter valued at about $137,000. Eagle Ridge Investment Management purchased a new position in shares of The Coca-Cola in the 2nd quarter valued at about $138,000. Finally, Legacy Advisors LLC purchased a new position in shares of The Coca-Cola in the 3rd quarter valued at about $139,000. Institutional investors and hedge funds own 65.13% 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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