The Coca-Cola (NYSE:KO) has been assigned a $54.00 price objective by research analysts at Barclays in a note issued to investors on Thursday, TipRanks reports. The firm currently has a “buy” rating on the stock. Barclays‘s target price would suggest a potential upside of 9.76% from the company’s current price.
Several other research analysts also recently issued reports on KO. Royal Bank of Canada restated a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a report on Wednesday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a $51.00 price objective on shares of The Coca-Cola in a report on Thursday, February 14th. Goldman Sachs Group restated a “neutral” rating and set a $47.00 price objective on shares of The Coca-Cola in a report on Thursday, February 14th. Citigroup downgraded shares of The Coca-Cola from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $56.00 to $50.00 in a report on Thursday, February 14th. Finally, UBS Group restated a “neutral” rating and set a $50.00 price objective on shares of The Coca-Cola in a report on Friday, February 15th. Fourteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.15.
The Coca-Cola stock traded down $0.38 on Thursday, reaching $49.20. 11,256,899 shares of the stock were exchanged, compared to its average volume of 15,035,686. The firm has a market cap of $209.80 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 3.31 and a beta of 0.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91. The Coca-Cola has a twelve month low of $41.93 and a twelve month high of $50.84.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts expect that The Coca-Cola will post 2.1 earnings per share for the current year.
In related news, VP Bernhard Goepelt sold 13,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $48.96, for a total value of $636,480.00. Following the sale, the vice president now owns 151,504 shares of the company’s stock, valued at $7,417,635.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Nancy Quan sold 23,320 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.95, for a total transaction of $1,118,194.00. Following the completion of the sale, the senior vice president now directly owns 165,049 shares in the company, valued at approximately $7,914,099.55. The disclosure for this sale can be found here. In the last three months, insiders sold 52,746 shares of company stock worth $2,559,548. 1.33% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC acquired a new position in The Coca-Cola in the first quarter valued at about $28,000. Orrstown Financial Services Inc. boosted its position in The Coca-Cola by 230.8% in the first quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after buying an additional 517 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new position in The Coca-Cola in the first quarter valued at about $35,000. Transamerica Financial Advisors Inc. lifted its position in shares of The Coca-Cola by 567.7% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock worth $41,000 after purchasing an additional 721 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new position in shares of The Coca-Cola during the fourth quarter worth approximately $45,000. 67.99% of the stock is currently owned by institutional investors and hedge funds.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantbased beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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