Deutsche Bank Aktiengesellschaft Increases Coca-Cola (NYSE:KO) Price Target to $64.00

Coca-Cola (NYSE:KO – Get Rating) had its target price increased by analysts at Deutsche Bank Aktiengesellschaft from $62.00 to $64.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 2.94% from the stock’s previous close.

A number of other research firms also recently issued reports on KO. Credit Suisse Group set a $66.00 target price on shares of Coca-Cola in a research report on Thursday, April 21st. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 30th. Royal Bank of Canada increased their target price on shares of Coca-Cola from $68.00 to $69.00 in a research report on Tuesday. HSBC increased their target price on shares of Coca-Cola from $68.00 to $72.00 in a research report on Tuesday. Finally, Morgan Stanley raised their price target on shares of Coca-Cola from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday, February 8th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola presently has an average rating of “Buy” and an average price target of $66.00.

Coca-Cola stock opened at $65.94 on Tuesday. The company has a 50 day moving average price of $62.13 and a 200 day moving average price of $59.19. Coca-Cola has a 52 week low of $52.28 and a 52 week high of $67.20. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.96 and a current ratio of 1.13. The firm has a market capitalization of $285.85 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 3.21 and a beta of 0.65.

Coca-Cola (NYSE:KO – Get Rating) last posted its quarterly earnings data on Monday, April 25th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Coca-Cola had a net margin of 25.28% and a return on equity of 42.21%. The firm had revenue of $10.50 billion during the quarter, compared to analyst estimates of $9.83 billion. During the same quarter last year, the business posted $0.55 EPS. The company’s revenue was up 16.7% on a year-over-year basis. Equities analysts forecast that Coca-Cola will post 2.44 earnings per share for the current fiscal year.

In other Coca-Cola news, SVP Monica Howard Douglas sold 14,122 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $58.85, for a total value of $831,079.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Henrique Braun sold 9,436 shares of the firm’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $59.91, for a total transaction of $565,310.76. The disclosure for this sale can be found here. Insiders sold a total of 512,819 shares of company stock worth $32,431,674 in the last quarter. Insiders own 0.98% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fortis Advisors LLC acquired a new stake in shares of Coca-Cola during the 3rd quarter valued at about $25,000. Curi Wealth Management LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at about $25,000. Shore Point Advisors LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at about $28,000. Delos Wealth Advisors LLC boosted its position in shares of Coca-Cola by 4,770.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after acquiring an additional 477 shares in the last quarter. Finally, Core Alternative Capital acquired a new stake in shares of Coca-Cola during the 3rd quarter valued at about $32,000. Institutional investors own 67.82% of the company’s stock.

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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