The Coca-Cola (NYSE:KO)‘s stock had its “neutral” rating reissued by stock analysts at Societe Generale in a research report issued to clients and investors on Monday. They presently have a $48.80 price objective on the stock. Societe Generale’s price objective suggests a potential upside of 8.49% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $48.00 target price on shares of The Coca-Cola in a research note on Friday. Royal Bank of Canada set a $56.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Friday. Goldman Sachs Group set a $49.00 target price on shares of The Coca-Cola and gave the stock a “sell” rating in a research note on Friday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a target price on shares of The Coca-Cola in a research note on Friday. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of The Coca-Cola in a research note on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the stock. The Coca-Cola has an average rating of “Hold” and an average target price of $49.16.
The Coca-Cola (NYSE:KO) opened at $44.98 on Monday. The company has a market cap of $191,644.80, a P/E ratio of 166.59, a price-to-earnings-growth ratio of 3.61 and a beta of 0.70. The Coca-Cola has a one year low of $41.05 and a one year high of $48.62. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 1.34.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The business’s revenue was down 20.2% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. sell-side analysts predict that The Coca-Cola will post 2.03 EPS for the current fiscal year.
In other news, CFO Kathy N. Waller sold 23,240 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the sale, the chief financial officer now owns 123,796 shares in the company, valued at approximately $5,713,185.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert Edward Long sold 15,000 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the sale, the insider now owns 24,673 shares in the company, valued at approximately $1,183,070.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,640 shares of company stock worth $5,800,776. 1.51% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in KO. Vanguard Group Inc. boosted its stake in The Coca-Cola by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after purchasing an additional 4,818,963 shares in the last quarter. BlackRock Inc. boosted its stake in The Coca-Cola by 0.3% in the 2nd quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after purchasing an additional 750,257 shares in the last quarter. Capital World Investors boosted its stake in The Coca-Cola by 8.9% in the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after purchasing an additional 11,593,679 shares in the last quarter. Northern Trust Corp boosted its stake in The Coca-Cola by 4.5% in the 2nd quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after purchasing an additional 2,167,225 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in The Coca-Cola by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 38,150,109 shares of the company’s stock worth $1,746,387,000 after purchasing an additional 1,170,700 shares in the last quarter. Hedge funds and other institutional investors own 65.13% 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.
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