Equities researchers at Deutsche Bank assumed coverage on shares of The Coca-Cola (NYSE:KO) in a research note issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
KO has been the subject of several other research reports. Vetr upgraded shares of The Coca-Cola 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 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Sunday, November 12th. Goldman Sachs Group set a $45.00 price target on shares of The Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company. The Coca-Cola currently has an average rating of “Hold” and a consensus price target of $47.80.
Shares of The Coca-Cola (NYSE:KO) traded up $0.61 during mid-day trading on Wednesday, hitting $45.90. 12,418,663 shares of the stock traded hands, compared to its average volume of 11,502,208. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The Coca-Cola has a 12 month low of $40.22 and a 12 month high of $47.48. The stock has a market cap of $193,136.05, a price-to-earnings ratio of 23.98, a P/E/G ratio of 3.88 and a beta of 0.70.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of The Coca-Cola stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.51% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank lifted its holdings in shares of The Coca-Cola by 3.0% during the 2nd quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock worth $735,069,000 after acquiring an additional 470,700 shares during the last quarter. Summit Financial Group Inc. bought a new stake in shares of The Coca-Cola during the 2nd quarter worth $2,779,000. Global X Management Co. LLC lifted its holdings in shares of The Coca-Cola by 6.0% during the 2nd quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after acquiring an additional 12,513 shares during the last quarter. BB&T Corp lifted its holdings in shares of The Coca-Cola by 9.5% during the 2nd quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after acquiring an additional 78,932 shares during the last quarter. Finally, Keystone Financial Planning Inc. lifted its holdings in shares of The Coca-Cola by 2.1% during the 1st quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock worth $5,111,000 after acquiring an additional 2,465 shares during the last quarter. Hedge funds and other institutional investors own 65.38% of the company’s stock.
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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.
