Coca-Cola (NYSE:KO – Get Rating) had its price target lifted by analysts at HSBC from $68.00 to $72.00 in a research report issued on Tuesday, The Fly reports. HSBC’s target price would suggest a potential upside of 9.19% from the company’s current price.
Several other equities research analysts also recently commented on the stock. Evercore ISI upped their target price on shares of Coca-Cola from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 15th. UBS Group increased their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, February 11th. The Goldman Sachs Group set a $58.00 price objective on shares of Coca-Cola in a research report on Thursday, February 10th. Citigroup increased their price objective on shares of Coca-Cola from $65.00 to $68.00 in a research report on Tuesday. Finally, StockNews.com assumed coverage on shares of Coca-Cola in a research report on Thursday, March 31st. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Coca-Cola currently has an average rating of “Buy” and an average target price of $65.88.
Shares of NYSE KO opened at $65.94 on Tuesday. Coca-Cola has a fifty-two week low of $52.28 and a fifty-two week high of $67.20. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.13 and a quick ratio of 0.96. The firm has a market capitalization of $285.85 billion, a P/E ratio of 29.18, a P/E/G ratio of 3.21 and a beta of 0.65. The company’s 50 day simple moving average is $62.13 and its 200 day simple moving average is $59.19.
In other Coca-Cola news, insider Alfredo Rivera sold 17,709 shares of the stock in a transaction on Friday, February 25th. The shares were sold at an average price of $62.60, for a total value of $1,108,583.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Nancy Quan sold 35,335 shares of the stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $65.05, for a total transaction of $2,298,541.75. Following the completion of the sale, the senior vice president now owns 198,456 shares of the company’s stock, valued at approximately $12,909,562.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 512,819 shares of company stock valued at $32,431,674. Corporate insiders own 0.98% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Berkshire Bank lifted its stake in Coca-Cola by 2.2% in the first quarter. Berkshire Bank now owns 7,067 shares of the company’s stock worth $438,000 after acquiring an additional 155 shares during the period. Security Financial Services INC. lifted its position in Coca-Cola by 3.5% during the first quarter. Security Financial Services INC. now owns 4,710 shares of the company’s stock valued at $292,000 after buying an additional 160 shares during the period. CWA Asset Management Group LLC lifted its position in Coca-Cola by 2.4% during the first quarter. CWA Asset Management Group LLC now owns 6,841 shares of the company’s stock valued at $424,000 after buying an additional 160 shares during the period. Cohen Lawrence B lifted its position in Coca-Cola by 0.3% during the fourth quarter. Cohen Lawrence B now owns 51,742 shares of the company’s stock valued at $3,064,000 after buying an additional 163 shares during the period. Finally, Aberdeen Wealth Management LLC lifted its position in Coca-Cola by 0.9% during the fourth quarter. Aberdeen Wealth Management LLC now owns 17,867 shares of the company’s stock valued at $1,058,000 after buying an additional 167 shares during the period. Institutional investors own 67.82% of the company’s stock.
About Coca-Cola (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.
- Get a free copy of the StockNews.com research report on Coca-Cola (KO)
- Synchrony Financial Stock is Ready to Slingshot Back Up
- Why These 3 Stocks Matter Most in the Dow
- Cisco Systems Stock Bestows Another Buy the Dip Opportunity
- 3 Stocks Near 52-Week Highs That Still Look Cheap
- Is Cleveland-Cliffs Stock a Safe Bet After Earnings?
Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.