Coca-Cola (NYSE:KO) PT Raised to $68.00

Coca-Cola (NYSE:KOGet Rating) had its target price increased by equities research analysts at Cowen from $65.00 to $68.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Cowen’s price target indicates a potential upside of 3.12% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coca-Cola from $62.00 to $64.00 in a research note on Tuesday. The Goldman Sachs Group set a $58.00 price target on shares of Coca-Cola in a research note on Thursday, February 10th. Citigroup boosted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday. Evercore ISI upped their price target on shares of Coca-Cola from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 15th. Finally, StockNews.com began coverage on shares of Coca-Cola in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $66.11.

KO stock opened at $65.94 on Tuesday. Coca-Cola has a one year low of $52.28 and a one year high of $67.20. The stock has a market cap of $285.85 billion, a PE ratio of 29.18, a P/E/G ratio of 3.21 and a beta of 0.65. The firm has a 50 day simple moving average of $62.13 and a two-hundred day simple moving average of $59.19. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.13 and a quick ratio of 0.96.

Coca-Cola (NYSE:KOGet Rating) last issued its quarterly earnings data on Monday, April 25th. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.06. Coca-Cola had a net margin of 25.28% and a return on equity of 42.21%. The business had revenue of $10.50 billion during the quarter, compared to analyst estimates of $9.83 billion. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, research analysts expect that Coca-Cola will post 2.44 EPS for the current fiscal year.

In related news, insider Nikolaos Koumettis sold 153,466 shares of the stock in a transaction on Monday, April 18th. The shares were sold at an average price of $65.03, for a total transaction of $9,979,893.98. Following the sale, the insider now directly owns 136,513 shares of the company’s stock, valued at $8,877,440.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Murphy sold 154,080 shares of the stock in a transaction on Friday, March 4th. The shares were sold at an average price of $62.29, for a total transaction of $9,597,643.20. The disclosure for this sale can be found here. Insiders sold 512,819 shares of company stock worth $32,431,674 in the last quarter. Company insiders own 0.98% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Berkshire Bank grew its stake in shares of Coca-Cola by 2.2% in the 1st quarter. Berkshire Bank now owns 7,067 shares of the company’s stock worth $438,000 after purchasing an additional 155 shares during the last quarter. Security Financial Services INC. grew its stake in shares of Coca-Cola by 3.5% in the 1st quarter. Security Financial Services INC. now owns 4,710 shares of the company’s stock worth $292,000 after purchasing an additional 160 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of Coca-Cola by 2.4% in the 1st quarter. CWA Asset Management Group LLC now owns 6,841 shares of the company’s stock worth $424,000 after purchasing an additional 160 shares during the last quarter. Cohen Lawrence B grew its stake in shares of Coca-Cola by 0.3% in the 4th quarter. Cohen Lawrence B now owns 51,742 shares of the company’s stock worth $3,064,000 after purchasing an additional 163 shares during the last quarter. Finally, Aberdeen Wealth Management LLC grew its stake in shares of Coca-Cola by 0.9% in the 4th quarter. Aberdeen Wealth Management LLC now owns 17,867 shares of the company’s stock worth $1,058,000 after purchasing an additional 167 shares during the last quarter. 67.82% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Company Profile (Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. 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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