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.

The Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. equities research analysts expect that The Coca-Cola will post 1.9 earnings per share for the current fiscal year.

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.

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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.

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

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