The Coca-Cola (NYSE:KO) has been given a $56.00 price target by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 22.24% from the company’s previous close.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Monday, October 16th. lifted their price target on The Coca-Cola from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. Bank of America reiterated a “buy” rating and set a $52.00 price target (up previously from $50.00) on shares of The Coca-Cola in a report on Monday, October 9th. Credit Suisse Group set a $51.00 price target on The Coca-Cola and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Vetr upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective on the stock in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.30.
The Coca-Cola (KO) opened at $45.81 on Wednesday. The Coca-Cola has a fifty-two week low of $40.22 and a fifty-two week high of $47.48. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $194,243.81, a price-to-earnings ratio of 43.63, a price-to-earnings-growth ratio of 3.90 and a beta of 0.70.
In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of The Coca-Cola stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.51% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of The Coca-Cola by 1.8% during the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after buying an additional 4,818,963 shares in the last quarter. BlackRock Inc. grew its position in shares of The Coca-Cola by 0.3% during the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after buying an additional 750,257 shares in the last quarter. Capital World Investors grew its position in shares of The Coca-Cola by 8.9% during the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after buying an additional 11,593,679 shares in the last quarter. Northern Trust Corp grew its position in shares of The Coca-Cola by 4.5% during the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after buying an additional 2,167,225 shares in the last quarter. Finally, Capital International Investors grew its position in shares of The Coca-Cola by 1.0% during the second quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock worth $1,699,722,000 after buying an additional 383,733 shares in the last quarter. 65.30% of the stock is 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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