Coca-Cola (NYSE:KO) Given a $74.00 Price Target at Barclays

Coca-Cola (NYSE:KO – Get Rating) has been given a $74.00 target price by stock analysts at Barclays in a research note issued on Wednesday, Borsen Zeitung reports. Barclays‘s price objective indicates a potential upside of 13.76% from the company’s current price.

Several other equities research analysts have also commented on KO. StockNews.com upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of Coca-Cola from $67.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, February 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Coca-Cola from $62.00 to $64.00 and gave the company a “hold” rating in a report on Tuesday. The Goldman Sachs Group set a $58.00 price objective on shares of Coca-Cola in a report on Thursday, February 10th. Finally, UBS Group increased their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Friday, February 11th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $67.20.

Shares of NYSE:KO opened at $65.05 on Wednesday. The firm’s 50 day moving average is $62.21 and its two-hundred day moving average is $59.23. Coca-Cola has a 52 week low of $52.28 and a 52 week high of $67.20. The firm has a market capitalization of $281.99 billion, a P/E ratio of 28.78, a PEG ratio of 3.21 and a beta of 0.65. The company has a current ratio of 1.13, a quick ratio of 0.96 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO – Get Rating) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.64 EPS for the quarter, beating the 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 company had revenue of $10.50 billion for the quarter, compared to analyst estimates of $9.83 billion. During the same quarter last year, the business earned $0.55 earnings per share. Coca-Cola’s revenue was up 16.7% compared to the same quarter last year. Analysts predict that Coca-Cola will post 2.44 EPS for the current year.

In related news, SVP Beatriz R. Perez sold 25,406 shares of the firm’s stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $62.01, for a total value of $1,575,426.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nancy Quan sold 35,335 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $65.05, for a total transaction of $2,298,541.75. Following the completion of the transaction, the senior vice president now directly 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. Insiders sold a total of 512,819 shares of company stock valued at $32,431,674 in the last ninety days. Company insiders own 0.98% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in KO. Fortis Advisors LLC bought a new position in shares of Coca-Cola during the 3rd quarter valued at $25,000. Curi Wealth Management LLC bought a new position in Coca-Cola in the 4th quarter worth $25,000. Shore Point Advisors LLC bought a new position in Coca-Cola in the 4th quarter worth $28,000. Delos Wealth Advisors LLC raised its holdings in Coca-Cola by 4,770.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock worth $29,000 after acquiring an additional 477 shares during the period. Finally, Core Alternative Capital bought a new position in Coca-Cola in the 3rd quarter worth $32,000. Institutional investors and hedge funds 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.

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