Stifel Nicolaus Reaffirms Hold Rating for The Coca-Cola (KO)
The Coca-Cola (NYSE:KO)‘s stock had its “hold” rating reiterated by equities research analysts at Stifel Nicolaus in a report issued on Friday. They currently have a $49.00 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 6.96% from the company’s previous close.
Other analysts have also recently issued research reports about the company. Vetr upgraded The Coca-Cola from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Royal Bank of Canada set a $49.00 price target on The Coca-Cola and gave the company a “buy” rating in a report on Sunday, November 12th. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, November 15th. Jefferies Group set a $47.00 price target on The Coca-Cola and gave the company a “neutral” rating in a report on Friday, October 13th. Finally, Zacks Investment Research cut The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The Coca-Cola presently has a consensus rating of “Hold” and a consensus target price of $48.47.
Shares of The Coca-Cola (NYSE KO) traded up $0.22 during mid-day trading on Friday, reaching $45.81. 6,100,400 shares of the company traded hands, compared to its average volume of 11,442,036. The Coca-Cola has a 12-month low of $40.22 and a 12-month high of $47.48. The firm has a market cap of $194,243.81, a P/E ratio of 43.63, a price-to-earnings-growth ratio of 3.90 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.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.51% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in KO. Vanguard Group Inc. grew its stake in The Coca-Cola by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after buying an additional 4,818,963 shares during the last quarter. BlackRock Inc. grew its stake in The Coca-Cola by 0.3% during the 2nd quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after buying an additional 750,257 shares during the last quarter. State Street Corp grew its stake in The Coca-Cola by 1.2% during the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after buying an additional 2,009,675 shares during the last quarter. Capital World Investors grew its stake in The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after buying an additional 11,593,679 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. grew its stake in The Coca-Cola by 0.8% during the 1st quarter. BlackRock Institutional Trust Company N.A. now owns 102,413,710 shares of the company’s stock worth $4,750,972,000 after buying an additional 843,493 shares during the last quarter. 65.30% of the stock is currently owned by hedge funds and other 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.
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