CocaCola (NYSE:KO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

CocaCola (NYSE:KOGet Free Report) had its price target upped by JPMorgan Chase & Co. from $79.00 to $83.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 5.07% from the company’s current price.

A number of other analysts have also issued reports on the company. Jefferies Financial Group cut their target price on CocaCola from $88.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday. Truist Financial set a $85.00 price objective on CocaCola in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Thursday, January 22nd. Wells Fargo & Company raised their target price on CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a report on Monday. Finally, Barclays reiterated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat.com, CocaCola has an average rating of “Buy” and an average price target of $84.19.

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CocaCola Trading Up 0.5%

NYSE KO opened at $79.00 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.00. The stock has a market capitalization of $339.81 billion, a P/E ratio of 25.99, a PEG ratio of 4.04 and a beta of 0.36. The firm’s 50-day moving average is $71.90 and its two-hundred day moving average is $70.01. CocaCola has a 12 month low of $65.35 and a 12 month high of $80.41.

CocaCola (NYSE:KOGet Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The business had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $12.04 billion. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue was up 2.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, sell-side analysts anticipate that CocaCola will post 2.96 earnings per share for the current year.

Insider Buying and Selling at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $71.17, for a total value of $2,250,751.25. Following the completion of the transaction, the executive vice president owned 223,330 shares in the company, valued at approximately $15,894,396.10. This trade represents a 12.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James Quincey sold 337,824 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $77.10, for a total transaction of $26,046,230.40. Following the sale, the chief executive officer owned 342,546 shares in the company, valued at $26,410,296.60. The trade was a 49.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anfield Capital Management LLC lifted its position in shares of CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after purchasing an additional 294 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in CocaCola by 5,142.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 360 shares in the last quarter. Headlands Technologies LLC purchased a new stake in CocaCola during the 2nd quarter worth about $26,000. Marquette Asset Management LLC acquired a new position in shares of CocaCola during the 3rd quarter worth about $27,000. Finally, Cloud Capital Management LLC purchased a new position in shares of CocaCola in the 3rd quarter valued at about $27,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

About CocaCola

(Get Free Report)

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

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Analyst Recommendations for CocaCola (NYSE:KO)

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