CocaCola (NYSE:KO) Price Target Raised to $87.00

CocaCola (NYSE:KOFree Report) had its target price increased by UBS Group from $82.00 to $87.00 in a research report sent to investors on Wednesday morning, MarketBeat reports. They currently have a buy rating on the stock.

KO has been the subject of several other research reports. Wells Fargo & Company lifted their price objective on shares of CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Royal Bank Of Canada raised their target price on CocaCola to $78.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $83.00 price target on shares of CocaCola in a research note on Thursday, January 29th. Bank of America raised their price objective on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Jefferies Financial Group boosted their target price on CocaCola from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $84.19.

Read Our Latest Research Report on CocaCola

CocaCola Stock Down 0.4%

Shares of CocaCola stock opened at $78.68 on Wednesday. The firm has a market cap of $338.46 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 3.31 and a beta of 0.36. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.00. CocaCola has a 52-week low of $65.35 and a 52-week high of $80.41. The stock has a 50-day simple moving average of $72.08 and a 200-day simple moving average of $70.08.

CocaCola (NYSE:KOGet Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, equities research analysts expect that CocaCola will post 2.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO James Quincey sold 337,824 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total value of $26,046,230.40. Following the sale, the chief executive officer owned 342,546 shares in the company, valued at approximately $26,410,296.60. This trade represents a 49.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. The trade was a 12.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.97% of the stock is owned by insiders.

Institutional Investors Weigh In On CocaCola

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in CocaCola by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after buying an additional 6,241,163 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of CocaCola in the 2nd quarter valued at $22,443,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CocaCola by 2.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock worth $136,086,000 after acquiring an additional 57,407 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of CocaCola by 1.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock worth $690,311,000 after acquiring an additional 198,886 shares during the last quarter. Finally, Nicola Wealth Management LTD. lifted its stake in shares of CocaCola by 42.3% during the third quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after acquiring an additional 55,000 shares during the period. Institutional investors own 70.26% of the company’s stock.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

About CocaCola

(Get Free Report)

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

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Analyst Recommendations for CocaCola (NYSE:KO)

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