Coca-Cola Company (The) (NYSE:KO) was upgraded by investment analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports.

Several other equities research analysts have also recently weighed in on the company. Vetr upgraded Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Royal Bank Of Canada set a $49.00 target price on Coca-Cola Company (The) and gave the company a “buy” rating in a report on Sunday. UBS AG boosted their target price on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC set a $47.00 price objective on Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Thursday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $47.16.

Coca-Cola Company (NYSE:KO) opened at $46.72 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $198,291.45, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.94 and a beta of 0.70. Coca-Cola Company has a fifty-two week low of $39.88 and a fifty-two week high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The business had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. equities research analysts forecast that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

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In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola Company (The) stock in a transaction on 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 transaction, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brian John Smith sold 100,000 shares of Coca-Cola Company (The) stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total value of $4,610,000.00. Following the transaction, the insider now owns 136,385 shares in the company, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC boosted its position in Coca-Cola Company (The) by 6.7% during the third quarter. Blue Bell Private Wealth Management LLC now owns 2,377 shares of the company’s stock valued at $101,000 after purchasing an additional 150 shares during the last quarter. Portfolio Solutions LLC acquired a new stake in Coca-Cola Company (The) during the first quarter valued at $108,000. Country Trust Bank lifted its position in shares of Coca-Cola Company (The) by 25.0% in the second quarter. Country Trust Bank now owns 2,500 shares of the company’s stock worth $113,000 after buying an additional 500 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Coca-Cola Company (The) by 562.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,483 shares of the company’s stock worth $113,000 after buying an additional 2,108 shares during the last quarter. Finally, Welch Investments LLC bought a new position in shares of Coca-Cola Company (The) in the fourth quarter worth about $115,000. Institutional investors and hedge funds own 64.92% of the company’s stock.

About Coca-Cola Company (The)

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.

The Fly

Analyst Recommendations for Coca-Cola Company (The) (NYSE:KO)

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