The Coca-Cola (NYSE:KO)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse Group in a report released on Tuesday. They currently have a $53.00 price objective on the stock, up from their prior price objective of $51.00. Credit Suisse Group’s target price would indicate a potential upside of 22.29% from the stock’s previous close.
Other research analysts have also issued reports about the company. Stifel Nicolaus reiterated a “hold” rating and set a $49.00 price target on shares of The Coca-Cola in a report on Friday, December 22nd. Goldman Sachs Group set a $49.00 target price on The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday, January 10th. Morgan Stanley set a $48.00 target price on The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, October 26th. Jefferies Group restated a “hold” rating and issued a $47.00 target price on shares of The Coca-Cola in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a target price (up from ) on shares of The Coca-Cola in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $49.24.
The Coca-Cola (NYSE KO) opened at $43.34 on Tuesday. The Coca-Cola has a 1-year low of $41.40 and a 1-year high of $48.62. The company has a market capitalization of $184,660.00, a P/E ratio of 39.40, a PEG ratio of 3.61 and a beta of 0.70. 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 Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.36 billion. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. equities research analysts anticipate that The Coca-Cola will post 2.03 EPS for the current year.
In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total value of $719,250.00. Following the sale, the insider now directly owns 24,673 shares in the company, valued at $1,183,070.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ed Hays sold 84,400 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The disclosure for this sale can be found here. Insiders sold 122,640 shares of company stock worth $5,800,776 over the last quarter. Company insiders own 1.51% of the company’s stock.
Large investors have recently made changes to their positions in the business. Santori & Peters Inc. bought a new stake in shares of The Coca-Cola during the fourth quarter worth $127,000. Veritas Investment Management LLP bought a new stake in shares of The Coca-Cola during the third quarter worth $135,000. Spectrum Management Group Inc. bought a new stake in shares of The Coca-Cola during the third quarter worth $137,000. Legacy Advisors LLC bought a new stake in shares of The Coca-Cola during the third quarter worth $139,000. Finally, Almanack Investment Partners LLC. bought a new stake in shares of The Coca-Cola during the second quarter worth $142,000. Hedge funds and other institutional investors 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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