Coca-Cola (NYSE:KO) Stock Rating Upgraded by StockNews.com

Coca-Cola (NYSE:KOGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. UBS Group upped their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Barclays increased their price objective on Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Evercore ISI boosted their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Argus increased their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.58.

Read Our Latest Research Report on KO

Coca-Cola Price Performance

Shares of NYSE:KO opened at $61.95 on Wednesday. The business’s 50 day moving average is $61.19 and its 200-day moving average is $60.01. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $266.88 billion, a PE ratio of 24.78, a PEG ratio of 3.49 and a beta of 0.57. Coca-Cola has a 1-year low of $51.55 and a 1-year high of $63.76.

Coca-Cola (NYSE:KOGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. Sell-side analysts predict that Coca-Cola will post 2.82 earnings per share for the current year.

Insider Buying and Selling at Coca-Cola

In other news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $13,594,097.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Monica Howard Douglas sold 8,874 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the completion of the transaction, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 199,389 shares of company stock worth $12,322,179. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On Coca-Cola

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidemark LLC acquired a new position in shares of Coca-Cola in the 4th quarter valued at $26,000. ESL Trust Services LLC bought a new stake in shares of Coca-Cola in the first quarter worth about $28,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Coca-Cola during the first quarter worth about $28,000. Private Wealth Management Group LLC bought a new position in shares of Coca-Cola during the 4th quarter valued at about $27,000. Finally, ZRC Wealth Management LLC grew its position in shares of Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the period. Institutional investors own 70.26% of the company’s stock.

About Coca-Cola

(Get Free Report)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Analyst Recommendations for Coca-Cola (NYSE:KO)

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