Coca-Cola (NYSE:KO) Stock Rating Lowered by DZ Bank

Coca-Cola (NYSE:KOGet Rating) was downgraded by investment analysts at DZ Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Briefing.com reports. They currently have a $69.00 price target on the stock. DZ Bank’s price target would suggest a potential upside of 5.25% from the company’s previous close.

A number of other brokerages have also recently issued reports on KO. StockNews.com raised shares of Coca-Cola from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of Coca-Cola from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, February 11th. Morgan Stanley lifted their price objective on shares of Coca-Cola from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, February 8th. Cowen lifted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Cowen lifted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $67.29.

Shares of NYSE:KO opened at $65.56 on Thursday. The company’s 50 day moving average price is $62.28 and its two-hundred day moving average price is $59.28. Coca-Cola has a 12-month low of $52.28 and a 12-month high of $67.20. The firm has a market cap of $284.20 billion, a PE ratio of 29.01, a PEG ratio of 3.21 and a beta of 0.65. The company has a quick ratio of 0.96, a current ratio of 1.13 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KOGet Rating) last announced its earnings results on Monday, April 25th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $10.50 billion for the quarter, compared to analyst estimates of $9.83 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. On average, research analysts expect that Coca-Cola will post 2.44 EPS for the current year.

In related news, COO Brian John Smith sold 35,800 shares of the business’s stock in a transaction on Monday, April 25th. The shares were sold at an average price of $67.04, for a total value of $2,400,032.00. Following the transaction, the chief operating officer now owns 116,168 shares in the company, valued at $7,787,902.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Beatriz R. Perez sold 25,406 shares of the business’s stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $62.01, for a total transaction of $1,575,426.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 548,619 shares of company stock worth $34,831,706. 0.98% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Curi Wealth Management LLC acquired a new position in shares of Coca-Cola during the fourth quarter valued at about $25,000. Shore Point Advisors LLC bought a new stake in shares of Coca-Cola during the fourth quarter worth about $28,000. Delos Wealth Advisors LLC increased its position in shares of Coca-Cola by 4,770.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock worth $29,000 after acquiring an additional 477 shares in the last quarter. Horan Securities Inc. bought a new stake in shares of Coca-Cola during the fourth quarter worth about $32,000. Finally, Leverty Financial Group LLC bought a new stake in shares of Coca-Cola during the fourth quarter worth about $35,000. Hedge funds and other 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.

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