The Coca-Cola (NYSE:KO) received a $45.00 target price from investment analysts at Susquehanna Bancshares in a research note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. Susquehanna Bancshares’ price target would indicate a potential downside of 2.45% from the stock’s previous close.
A number of other brokerages have also recently issued reports on KO. Goldman Sachs Group set a $45.00 target price on The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. J P Morgan Chase & Co set a $49.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Wells Fargo & Company raised The Coca-Cola from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $46.72 to $51.00 in a research report on Tuesday, November 14th. Royal Bank of Canada set a $49.00 target price on The Coca-Cola and gave the stock a “buy” rating in a research report on Sunday, November 12th. Finally, Vetr raised The Coca-Cola from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Hold” and a consensus target price of $48.01.
Shares of The Coca-Cola (NYSE:KO) traded up $0.20 during trading on Wednesday, reaching $46.13. The company’s stock had a trading volume of 8,253,100 shares, compared to its average volume of 11,512,911. The company has a market capitalization of $195,692.44, a PE ratio of 24.30, a P/E/G ratio of 3.93 and a beta of 0.70. 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 Coca-Cola has a 52-week low of $40.22 and a 52-week high of $47.48.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was 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 $14,749,399.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.51% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of The Coca-Cola during the 4th quarter valued at about $1,486,731,000. Agran Libbie lifted its holdings in shares of The Coca-Cola by 9,727.2% during the 4th quarter. Agran Libbie now owns 13,669,679 shares of the company’s stock valued at $5,872,000 after purchasing an additional 13,530,579 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of The Coca-Cola by 1,117.2% during the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after purchasing an additional 12,243,387 shares in the last quarter. Capital World Investors lifted its holdings in shares of The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of The Coca-Cola by 845.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 7,250,023 shares of the company’s stock valued at $300,667,000 after purchasing an additional 6,483,151 shares in the last quarter. Hedge funds and other institutional investors own 65.30% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by American Market News and is owned by of American Market News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/12/20/susquehanna-bancshares-reiterates-45-00-price-target-for-the-coca-cola-ko.html.
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.
