The Coca-Cola (NYSE:KO)‘s stock had its “buy” rating restated by analysts at HSBC in a research report issued on Monday. They presently have a $61.00 price objective on the stock. HSBC’s price objective would indicate a potential upside of 30.54% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Macquarie reiterated a “neutral” rating and set a $47.00 price target on shares of The Coca-Cola in a research note on Wednesday, June 13th. Barclays upgraded shares of The Coca-Cola from an “equal weight” rating to an “overweight” rating and set a $48.00 target price for the company in a research note on Thursday, May 17th. Gabelli restated a “hold” rating on shares of The Coca-Cola in a research note on Thursday, July 26th. Zacks Investment Research upgraded shares of The Coca-Cola from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Societe Generale set a $49.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Monday, August 13th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.24.

NYSE KO opened at $46.73 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $198.79 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.88 and a beta of 0.79. The Coca-Cola has a 12 month low of $41.45 and a 12 month high of $48.62.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.54 billion. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The Coca-Cola’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 EPS. research analysts forecast that The Coca-Cola will post 2.07 EPS for the current fiscal year.

In other news, VP Kathy N. Waller sold 48,354 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the transaction, the vice president now directly owns 200,725 shares of the company’s stock, valued at $9,323,676.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Murphy sold 111,468 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $46.46, for a total transaction of $5,178,803.28. Following the transaction, the insider now directly owns 196,337 shares in the company, valued at $9,121,817.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 215,822 shares of company stock valued at $10,027,727. 1.48% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Princeton Capital Management LLC bought a new stake in shares of The Coca-Cola in the first quarter worth $100,000. Clarus Wealth Advisors bought a new stake in shares of The Coca-Cola in the second quarter worth $101,000. WP Advisors LLC bought a new stake in shares of The Coca-Cola in the second quarter worth $107,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of The Coca-Cola in the second quarter worth $116,000. Finally, Fort L.P. bought a new stake in shares of The Coca-Cola in the second quarter worth $122,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Further Reading: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for The Coca-Cola (NYSE:KO)

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