The Coca-Cola (NYSE:KO)‘s stock had its “buy” rating reaffirmed by stock analysts at Bank of America in a report released on Tuesday. They currently have a $52.00 price target on the stock. Bank of America’s price target would suggest a potential upside of 8.76% from the company’s current price.
A number of other brokerages have also recently commented on KO. Morgan Stanley set a $50.00 price target on The Coca-Cola and gave the company a “neutral” rating in a research report on Monday, October 15th. Macquarie set a $47.00 price target on The Coca-Cola and gave the company a “neutral” rating in a research report on Friday, September 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $50.00 price target on shares of The Coca-Cola in a research report on Thursday, July 26th. Jefferies Financial Group reissued a “hold” rating and set a $48.00 price objective on shares of The Coca-Cola in a report on Friday, August 31st. Finally, Wells Fargo & Co reissued a “buy” rating and set a $52.00 price objective on shares of The Coca-Cola in a report on Wednesday, September 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $51.07.
Shares of NYSE KO traded down $0.07 during trading on Tuesday, reaching $47.81. 41,236 shares of the stock traded hands, compared to its average volume of 14,210,944. The Coca-Cola has a 52-week low of $41.45 and a 52-week high of $48.62. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $203.19 billion, a PE ratio of 25.09, a P/E/G ratio of 3.00 and a beta of 0.75.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The firm had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.20 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, equities analysts expect that The Coca-Cola will post 2.07 EPS for the current fiscal year.
In related news, SVP James L. Dinkins sold 8,754 shares of the stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the sale, the senior vice president now owns 28,354 shares of the company’s stock, valued at approximately $1,331,220.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.48% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Clarus Wealth Advisors purchased a new stake in shares of The Coca-Cola in the 2nd quarter valued at about $101,000. WP Advisors LLC purchased a new stake in shares of The Coca-Cola in the 2nd quarter valued at about $107,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of The Coca-Cola in the 2nd quarter valued at about $116,000. Westbourne Investment Advisors Inc. purchased a new stake in shares of The Coca-Cola in the 3rd quarter valued at about $117,000. Finally, Fort L.P. purchased a new stake in shares of The Coca-Cola in the 2nd quarter valued at about $122,000. 65.44% of the stock is currently owned by hedge funds and other institutional investors.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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