Coca-Cola (NYSE:KO) Rating Lowered to Hold at StockNews.com

Coca-Cola (NYSE:KOGet Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Other equities analysts have also issued reports about the company. Credit Suisse Group set a $68.00 price target on Coca-Cola in a research note on Wednesday, July 20th. JPMorgan Chase & Co. set a $70.00 price target on Coca-Cola in a research note on Tuesday, July 26th. Cowen increased their price target on Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Tuesday, April 26th. HSBC increased their price target on Coca-Cola from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, April 26th. Finally, Cowen increased their price target on Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Tuesday, April 26th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $69.41.

Coca-Cola Stock Up 0.2 %

KO opened at $64.17 on Friday. Coca-Cola has a 12 month low of $52.28 and a 12 month high of $67.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.98. The stock has a market cap of $278.18 billion, a P/E ratio of 26.96, a P/E/G ratio of 3.99 and a beta of 0.55. The stock’s 50 day moving average price is $62.50 and its 200 day moving average price is $62.31.

Coca-Cola (NYSE:KOGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. The firm had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period last year, the firm earned $0.68 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, research analysts predict that Coca-Cola will post 2.46 earnings per share for the current year.

Insider Transactions at Coca-Cola

In other news, SVP Beatriz R. Perez sold 143,924 shares of the firm’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $64.78, for a total value of $9,323,396.72. Following the completion of the sale, the senior vice president now owns 121,178 shares of the company’s stock, valued at $7,849,910.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Beatriz R. Perez sold 143,924 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $64.78, for a total transaction of $9,323,396.72. Following the completion of the sale, the senior vice president now directly owns 121,178 shares in the company, valued at $7,849,910.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Carolyn Everson acquired 983 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were purchased at an average price of $62.29 per share, with a total value of $61,231.07. Following the completion of the acquisition, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,435. The disclosure for this purchase can be found here. 0.98% of the stock is currently owned by insiders.

Institutional Trading of Coca-Cola

Several hedge funds and other institutional investors have recently modified their holdings of KO. Curi Wealth Management LLC bought a new position in Coca-Cola during the fourth quarter valued at about $25,000. Nauset Wealth Management. LLC bought a new position in Coca-Cola during the first quarter valued at about $27,000. Shore Point Advisors LLC bought a new position in Coca-Cola during the fourth quarter valued at about $28,000. Delos Wealth Advisors LLC raised its holdings in Coca-Cola by 4,770.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after buying an additional 477 shares in the last quarter. Finally, Horan Securities Inc. bought a new position in Coca-Cola during the fourth quarter valued at about $32,000. 68.51% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Coca-Cola (NYSE:KO)

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