Coca-Cola Company (The) (NYSE:KO) has been given a $41.00 price target by stock analysts at Susquehanna Bancshares Inc in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Susquehanna Bancshares Inc’s target price would indicate a potential downside of 13.56% from the stock’s current price.
A number of other brokerages have also recently issued reports on KO. Wells Fargo & Company upgraded shares of Coca-Cola Company (The) 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. Royal Bank Of Canada set a $49.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Sunday. Vetr raised shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Friday, October 27th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $47.00 price objective on shares of Coca-Cola Company (The) in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.50.
Coca-Cola Company (NYSE:KO) opened at $47.43 on Wednesday. Coca-Cola Company has a one year low of $39.88 and a one year high of $47.48. The stock has a market cap of $199,058.36, a price-to-earnings ratio of 24.72, a PEG ratio of 3.96 and a beta of 0.70. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.
Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. The company had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The business’s revenue was down 14.6% on a year-over-year basis. sell-side analysts forecast that Coca-Cola Company will post 1.9 earnings per share for the current year.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 320,013 shares in the company, 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 owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of KO. Signature Estate & Investment Advisors LLC boosted its position in Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after purchasing an additional 129 shares during the period. Meeder Asset Management Inc. boosted its position in Coca-Cola Company (The) by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after purchasing an additional 1,026 shares during the period. Veritas Investment Management LLP bought a new position in Coca-Cola Company (The) during the third quarter worth $135,000. Spectrum Management Group Inc. bought a new position in Coca-Cola Company (The) during the third quarter worth $137,000. Finally, Eagle Ridge Investment Management bought a new stake in shares of Coca-Cola Company (The) in the second quarter valued at about $138,000. Institutional investors and hedge funds own 64.92% of the company’s stock.
About Coca-Cola Company (The)
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.
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