The Coca-Cola (KO) Given “Buy” Rating at Credit Suisse Group

The Coca-Cola (NYSE:KO)‘s stock had its “buy” rating reaffirmed by investment analysts at Credit Suisse Group in a note issued to investors on Tuesday.

A number of other brokerages have also weighed in on KO. Susquehanna Bancshares set a $41.00 price target on 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 target price on The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. JPMorgan 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 & Co raised The Coca-Cola from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $46.72 to $51.00 in a research report on Tuesday, November 14th. Finally, 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. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $49.01.

The Coca-Cola (NYSE:KO) opened at $43.97 on Tuesday. The Coca-Cola has a 52 week low of $40.22 and a 52 week high of $48.62. The firm has a market capitalization of $183,762.58, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 3.48 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.

In related news, insider Ed Hays sold 84,400 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total value of $4,009,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the completion of the sale, the chief financial officer now owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank grew its stake in shares of The Coca-Cola by 3.0% during the second quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock valued at $735,069,000 after acquiring an additional 470,700 shares in the last quarter. Summit Financial Group Inc. acquired a new stake in shares of The Coca-Cola during the second quarter valued at about $2,779,000. Global X Management Co. LLC grew its stake in shares of The Coca-Cola by 6.0% during the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock valued at $9,966,000 after acquiring an additional 12,513 shares in the last quarter. Amalgamated Bank grew its stake in shares of The Coca-Cola by 54.8% during the second quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock valued at $20,118,000 after acquiring an additional 158,741 shares in the last quarter. Finally, Flippin Bruce & Porter Inc. grew its stake in shares of The Coca-Cola by 1.8% during the second quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock valued at $4,397,000 after acquiring an additional 1,705 shares in the last quarter. Hedge funds and other institutional investors own 65.34% of the company’s stock.

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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.

Analyst Recommendations for The Coca-Cola (NYSE:KO)

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