The Coca-Cola (NYSE:KO) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “hold” rating in a research report issued on Monday. They presently have a $47.54 price objective on the stock. Vetr‘s price objective indicates a potential upside of 3.19% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Royal Bank of Canada set a $49.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Sunday, November 12th. Goldman Sachs Group set a $45.00 price target on shares of The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Jefferies Group set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, October 13th. Zacks Investment Research lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co raised shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $46.72 to $51.00 in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.59.
The Coca-Cola (KO) opened at $46.07 on Monday. The company has a market cap of $196,290.00, a P/E ratio of 43.88, a P/E/G ratio of 3.75 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The Coca-Cola has a 1 year low of $40.22 and a 1 year high of $47.48.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of The Coca-Cola 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 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 legal filing with the SEC, which is available through the SEC website. 1.51% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in KO. Swiss National Bank boosted its stake in The Coca-Cola by 3.0% during the 2nd quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock worth $735,069,000 after purchasing an additional 470,700 shares during the last quarter. Summit Financial Group Inc. acquired a new stake in The Coca-Cola during the 2nd quarter worth $2,779,000. Global X Management Co. LLC boosted its stake in The Coca-Cola by 6.0% during the 2nd quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after purchasing an additional 12,513 shares during the last quarter. Amalgamated Bank boosted its stake in The Coca-Cola by 54.8% during the 2nd quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock worth $20,118,000 after purchasing an additional 158,741 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in The Coca-Cola by 5.6% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 139,135 shares of the company’s stock worth $5,905,000 after purchasing an additional 7,418 shares during the last quarter. 65.30% of the stock is currently owned by hedge funds and other institutional investors.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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