The Coca-Cola (KO) Stock Rating Upgraded by Vetr
The Coca-Cola (NYSE:KO) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage currently has a $47.68 target price on the stock. Vetr‘s target price would suggest a potential upside of 5.28% from the stock’s current price.
A number of other brokerages also recently issued reports on KO. Cowen reaffirmed a “hold” rating and issued a $42.00 price objective on shares of The Coca-Cola in a research report on Thursday, August 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $49.00 price objective on shares of The Coca-Cola in a research report on Wednesday, September 6th. Jefferies Group reaffirmed a “hold” rating and issued a $47.00 price objective on shares of The Coca-Cola in a research report on Thursday, September 7th. Macquarie assumed coverage on shares of The Coca-Cola in a research report on Friday, September 15th. They issued a “neutral” rating and a $47.00 price objective on the stock. Finally, lifted their price objective on shares of The Coca-Cola from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.80.
The Coca-Cola (NYSE KO) opened at $45.29 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The company has a market cap of $193,050.83, a PE ratio of 23.97, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The Coca-Cola has a 12-month low of $40.22 and a 12-month high of $47.48.
In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.51% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its stake in shares of The Coca-Cola by 1,117.2% in the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after purchasing an additional 12,243,387 shares during the period. Capital World Investors lifted its stake in shares of The Coca-Cola by 8.9% in the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares during the period. Troy Asset Management Ltd acquired a new position in shares of The Coca-Cola in the 3rd quarter valued at $260,266,000. Vanguard Group Inc. lifted its stake in shares of The Coca-Cola by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after purchasing an additional 4,818,963 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of The Coca-Cola by 12,733.6% in the 3rd quarter. Stifel Financial Corp now owns 4,245,213 shares of the company’s stock valued at $191,194,000 after purchasing an additional 4,212,134 shares during the period. Institutional investors and hedge funds own 65.38% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://www.watchlistnews.com/the-coca-cola-ko-stock-rating-upgraded-by-vetr/1760374.html.
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.
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.