The Coca-Cola (NYSE:KO) received a $50.00 target price from analysts at Jefferies Group in a research note issued on Thursday. The brokerage presently has a “neutral” rating on the stock. Jefferies Group’s target price indicates a potential upside of 10.04% from the stock’s previous close.
KO has been the topic of several other reports. Goldman Sachs Group set a $45.00 price objective on The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price objective on The Coca-Cola and gave the company a “hold” rating in a research report on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, November 16th. Vetr upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective on the stock in a research report on Monday, December 11th. Finally, Morgan Stanley set a $48.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $48.60.
The Coca-Cola (NYSE KO) traded down $0.10 during trading hours on Thursday, hitting $45.44. The company’s stock had a trading volume of 12,635,500 shares, compared to its average volume of 11,753,800. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The stock has a market cap of $195,250.00, a PE ratio of 43.28, a P/E/G ratio of 3.70 and a beta of 0.70. The Coca-Cola has a 1 year low of $40.22 and a 1 year high of $47.48.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. The firm had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The company’s revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. equities analysts expect that The Coca-Cola will post 1.91 earnings per share for the current fiscal year.
In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction that occurred 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 sale, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.51% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Advisors Inc. raised its stake in The Coca-Cola by 0.3% during the second quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock valued at $365,000 after buying an additional 26 shares during the last quarter. Lyell Wealth Management LP raised its stake in The Coca-Cola by 0.6% during the second quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after buying an additional 50 shares during the last quarter. Regentatlantic Capital LLC raised its stake in The Coca-Cola by 0.4% during the second quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock valued at $710,000 after buying an additional 64 shares during the last quarter. Vigilant Capital Management LLC raised its stake in The Coca-Cola by 1.9% during the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after buying an additional 68 shares during the last quarter. Finally, Atlantic Trust LLC raised its stake in The Coca-Cola by 1.4% during the second quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock valued at $283,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 65.30% of the company’s stock.
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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.