The Coca-Cola (NYSE:KO) received a $49.00 price objective from investment analysts at Goldman Sachs Group in a research report issued to clients and investors on Wednesday. The brokerage currently has a “sell” rating on the stock. Goldman Sachs Group’s target price indicates a potential upside of 6.34% from the stock’s previous close.
KO has been the subject of a number of other reports. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a research note on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, November 16th. Vetr upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective for the company in a research note on Monday, December 11th. Morgan Stanley set a $48.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, October 26th. Finally, Wells Fargo & Co upgraded shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $46.72 to $51.00 in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the stock. The Coca-Cola has an average rating of “Hold” and a consensus target price of $48.76.
Shares of The Coca-Cola (NYSE KO) traded down $0.15 during trading on Wednesday, hitting $46.08. 6,550,000 shares of the company traded hands, compared to its average volume of 10,730,000. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The company has a market cap of $196,350.00, a price-to-earnings ratio of 43.89, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70. The Coca-Cola has a 52 week low of $40.22 and a 52 week high of $47.48.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of The Coca-Cola stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now owns 320,013 shares in the company, valued at $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.
Hedge funds have recently bought and sold shares of the business. Franklin Street Advisors Inc. NC lifted its position in shares of The Coca-Cola by 7.9% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 209,776 shares of the company’s stock valued at $9,625,000 after buying an additional 15,418 shares during the last quarter. Gillespie Robinson & Grimm Inc. acquired a new position in shares of The Coca-Cola during the fourth quarter valued at about $486,000. DnB Asset Management AS increased its holdings in shares of The Coca-Cola by 4.1% during the fourth quarter. DnB Asset Management AS now owns 855,133 shares of the company’s stock valued at $39,234,000 after acquiring an additional 34,000 shares in the last quarter. Aurora Investment Counsel acquired a new position in shares of The Coca-Cola during the fourth quarter valued at about $2,387,000. Finally, Neville Rodie & Shaw Inc. increased its holdings in shares of The Coca-Cola by 1.5% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 78,042 shares of the company’s stock valued at $3,581,000 after acquiring an additional 1,126 shares in the last quarter. Institutional investors and hedge funds own 65.30% 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.
