Coca-Cola (NYSE:KO) PT Set at $68.00 by Credit Suisse Group

Coca-Cola (NYSE:KOGet Rating) has been assigned a $68.00 target price by research analysts at Credit Suisse Group in a report released on Friday, Borsen Zeitung reports. Credit Suisse Group’s price objective would suggest a potential upside of 5.41% from the stock’s previous close.

A number of other research analysts have also weighed in on KO. StockNews.com upgraded Coca-Cola from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. HSBC raised their price objective on Coca-Cola from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, April 26th. The Goldman Sachs Group set a $58.00 price objective on Coca-Cola in a research report on Thursday, February 10th. Barclays set a $74.00 price objective on Coca-Cola in a research report on Wednesday, April 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola from $62.00 to $64.00 and gave the stock a “hold” rating in a research report on Tuesday, April 26th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Coca-Cola has a consensus rating of “Buy” and an average price target of $67.29.

Shares of NYSE:KO opened at $64.51 on Friday. Coca-Cola has a twelve month low of $52.28 and a twelve month high of $67.20. The company’s 50 day moving average is $62.78 and its 200 day moving average is $60.05. The company has a current ratio of 1.18, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company has a market cap of $279.65 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.72 and a beta of 0.58.

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 analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $9.83 billion. Coca-Cola had a net margin of 25.69% and a return on equity of 41.84%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. Equities research analysts predict that Coca-Cola will post 2.47 earnings per share for the current fiscal year.

In other Coca-Cola news, insider Alfredo Rivera sold 17,709 shares of the company’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $62.60, for a total transaction of $1,108,583.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Monica Howard Douglas sold 14,122 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $58.85, for a total value of $831,079.70. The disclosure for this sale can be found here. Insiders have sold 667,137 shares of company stock valued at $42,579,677 over the last 90 days. 0.98% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Connolly Sarah T. grew its stake in shares of Coca-Cola by 1.6% in the first quarter. Connolly Sarah T. now owns 65,737 shares of the company’s stock valued at $4,076,000 after buying an additional 1,006 shares in the last quarter. Cibc World Market Inc. grew its stake in Coca-Cola by 4.3% during the 1st quarter. Cibc World Market Inc. now owns 747,407 shares of the company’s stock valued at $46,339,000 after purchasing an additional 31,064 shares in the last quarter. Banco de Sabadell S.A grew its stake in Coca-Cola by 5.4% during the 1st quarter. Banco de Sabadell S.A now owns 28,798 shares of the company’s stock valued at $1,785,000 after purchasing an additional 1,464 shares in the last quarter. Montag & Caldwell LLC lifted its holdings in Coca-Cola by 34.1% during the 1st quarter. Montag & Caldwell LLC now owns 9,948 shares of the company’s stock worth $617,000 after buying an additional 2,529 shares during the last quarter. Finally, Kinloch Capital LLC lifted its holdings in Coca-Cola by 3.6% during the 1st quarter. Kinloch Capital LLC now owns 54,013 shares of the company’s stock worth $3,349,000 after buying an additional 1,859 shares during the last quarter. Institutional investors and hedge funds own 68.51% 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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