The Coca-Cola (NYSE:KO) received a $49.00 target price from investment analysts at Goldman Sachs Group in a note issued to investors on Friday. The firm presently has a “sell” rating on the stock. Goldman Sachs Group’s target price would indicate a potential upside of 8.94% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a price target on shares of The Coca-Cola in a report on Friday. BMO Capital Markets restated a “hold” rating and set a $47.00 price target on shares of The Coca-Cola in a report on Friday, October 27th. Susquehanna Bancshares set a $45.00 price target on shares of The Coca-Cola and gave the stock a “hold” rating in a report on Tuesday, November 21st. Royal Bank of Canada set a $56.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo & Co upgraded shares of The Coca-Cola from a “hold” rating to an “outperform” rating and boosted their price target for the stock from $45.00 to $51.00 in a report on Sunday, November 26th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.09.
The Coca-Cola (NYSE:KO) opened at $44.98 on Friday. The stock has a market cap of $191,644.80, a PE ratio of 166.59, a PEG ratio of 3.63 and a beta of 0.70. The Coca-Cola has a twelve month low of $41.05 and a twelve month high of $48.62. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.
In other The Coca-Cola news, insider Ed Hays sold 84,400 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Edward Long sold 15,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,640 shares of company stock worth $5,800,776. Corporate insiders own 1.51% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Santori & Peters Inc. bought a new stake in shares of The Coca-Cola in the fourth quarter valued at approximately $127,000. Veritas Investment Management LLP bought a new stake in shares of The Coca-Cola in the third quarter valued at approximately $135,000. Spectrum Management Group Inc. bought a new stake in shares of The Coca-Cola in the third quarter valued at approximately $137,000. Eagle Ridge Investment Management bought a new stake in shares of The Coca-Cola in the second quarter valued at approximately $138,000. Finally, Legacy Advisors LLC bought a new stake in shares of The Coca-Cola in the third quarter valued at approximately $139,000. 65.34% of the stock is currently owned by institutional investors.
The Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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