The Coca-Cola (NYSE:KO) received a $48.00 price target from research analysts at J P Morgan Chase & Co in a research note issued on Friday. The firm presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 4.28% from the company’s current price.
A number of other research firms also recently weighed in on KO. Susquehanna Bancshares set a $41.00 price target on shares of The Coca-Cola and gave the stock a “hold” rating in a research note on Wednesday, November 15th. 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. Wells Fargo & Company raised shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $46.72 to $51.00 in a research note on Tuesday, November 14th. 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. Finally, Vetr raised shares of The Coca-Cola from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $48.01.
The Coca-Cola (NYSE KO) opened at $46.03 on Friday. 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 $195,543.31, a P/E ratio of 24.28, a PEG ratio of 3.93 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.
In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s 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 sale, the insider now owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.51% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of KO. Signature Estate & Investment Advisors LLC lifted its stake in The Coca-Cola by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after acquiring an additional 129 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in The Coca-Cola by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after acquiring an additional 1,026 shares during the last quarter. Veritas Investment Management LLP acquired a new stake in The Coca-Cola in the third quarter valued at $135,000. Spectrum Management Group Inc. acquired a new stake in The Coca-Cola in the third quarter valued at $137,000. Finally, Eagle Ridge Investment Management acquired a new stake in The Coca-Cola in the second quarter valued at $138,000. 65.38% of the stock is owned by institutional investors.
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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.
