Weiss Ratings Reiterates “Buy (B-)” Rating for CocaCola (NYSE:KO)

CocaCola (NYSE:KO)‘s stock had its “buy (b-)” rating reiterated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also weighed in on KO. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Wells Fargo & Company cut their price objective on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. BNP Paribas restated an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, UBS Group dropped their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $76.93.

CocaCola Trading Down 1.0%

Shares of KO stock opened at $66.10 on Wednesday. The firm has a market capitalization of $284.47 billion, a PE ratio of 23.44, a PEG ratio of 3.48 and a beta of 0.43. The stock has a fifty day simple moving average of $68.13 and a two-hundred day simple moving average of $69.88. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola has a 52-week low of $60.62 and a 52-week high of $74.38.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, analysts predict that CocaCola will post 2.96 EPS for the current fiscal year.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by insiders.

Institutional Trading of CocaCola

Several institutional investors have recently added to or reduced their stakes in the company. Genesis Private Wealth LLC bought a new stake in CocaCola in the third quarter worth about $291,000. Patriot Financial Group Insurance Agency LLC lifted its stake in CocaCola by 56.7% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 26,852 shares of the company’s stock worth $1,781,000 after purchasing an additional 9,720 shares during the last quarter. Teamwork Financial Advisors LLC bought a new stake in CocaCola in the third quarter worth about $203,000. Osprey Private Wealth LLC bought a new stake in CocaCola in the third quarter worth about $274,000. Finally, Bennett Selby Investments LP lifted its stake in CocaCola by 2.5% in the third quarter. Bennett Selby Investments LP now owns 13,379 shares of the company’s stock worth $887,000 after purchasing an additional 328 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.