The Coca-Cola (NYSE:KO) was upgraded by analysts at Evercore ISI to an “outperform” rating in a research note issued to investors on Friday, The Fly reports.
KO has been the subject of a number of other research reports. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price target on The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 price target on The Coca-Cola and gave the stock 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 target for the company 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 investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The Coca-Cola currently has a consensus rating of “Hold” and a consensus price target of $48.76.
Shares of The Coca-Cola (KO) opened at $46.04 on Friday. The company has a market capitalization of $196,160.00, a price-to-earnings ratio of 43.85, a P/E/G ratio of 3.75 and a beta of 0.70. 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 Coca-Cola has a 1 year low of $40.22 and a 1 year high of $47.48.
In related 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 transaction of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a filing with the SEC, which is available through this link. 1.51% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Daiwa SB Investments Ltd. increased its holdings in The Coca-Cola by 10.1% during the 4th quarter. Daiwa SB Investments Ltd. now owns 143,190 shares of the company’s stock worth $6,570,000 after purchasing an additional 13,190 shares during the period. First PREMIER Bank increased its holdings in shares of The Coca-Cola by 6.1% in the 4th quarter. First PREMIER Bank now owns 38,562 shares of the company’s stock valued at $1,769,000 after acquiring an additional 2,225 shares during the period. Sawyer & Company Inc purchased a new position in shares of The Coca-Cola in the 4th quarter valued at $2,873,000. Rockland Trust Co. increased its holdings in shares of The Coca-Cola by 3.1% in the 4th quarter. Rockland Trust Co. now owns 109,348 shares of the company’s stock valued at $5,017,000 after acquiring an additional 3,257 shares during the period. Finally, LGT Capital Partners LTD. increased its holdings in shares of The Coca-Cola by 0.5% in the 4th quarter. LGT Capital Partners LTD. now owns 219,950 shares of the company’s stock valued at $10,091,000 after acquiring an additional 1,100 shares during the period. 65.30% of the stock is owned by institutional investors and hedge funds.
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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.
