The Coca-Cola Co (KO) Given Average Rating of “Hold” by Brokerages

The Coca-Cola Co (NYSE:KO) has been assigned an average rating of “Hold” from the twenty-five research firms that are currently covering the company, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $51.90.

Several brokerages recently weighed in on KO. Jefferies Financial Group reaffirmed a “neutral” rating and set a $49.00 target price on shares of The Coca-Cola in a research note on Monday, December 10th. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Bank of America reiterated a “buy” rating and set a $52.00 price target on shares of The Coca-Cola in a report on Tuesday, October 30th. Royal Bank of Canada reiterated a “buy” rating and set a $56.00 price target on shares of The Coca-Cola in a report on Wednesday, October 17th. Finally, Macquarie set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Wednesday, October 17th.

KO traded up $0.13 during trading hours on Wednesday, hitting $49.79. 12,349,339 shares of the company’s stock were exchanged, compared to its average volume of 13,296,401. The Coca-Cola has a 12-month low of $41.45 and a 12-month high of $50.84. The company has a market cap of $211.92 billion, a P/E ratio of 26.07, a PEG ratio of 3.02 and a beta of 0.53. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26.

In related news, insider Jennifer K. Mann sold 15,100 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $50.40, for a total value of $761,040.00. Following the sale, the insider now directly owns 40,058 shares of the company’s stock, valued at $2,018,923.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Beatriz R. Perez sold 21,742 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of the sale, the insider now directly owns 92,645 shares in the company, valued at $4,517,370.20. The disclosure for this sale can be found here. Insiders have sold a total of 46,842 shares of company stock valued at $2,306,180 over the last 90 days. 1.48% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Berman Capital Advisors LLC raised its holdings in The Coca-Cola by 40.4% in the fourth quarter. Berman Capital Advisors LLC now owns 13,429 shares of the company’s stock valued at $635,000 after buying an additional 3,865 shares during the period. SlateStone Wealth LLC purchased a new stake in shares of The Coca-Cola during the fourth quarter valued at approximately $315,000. Dimensional Fund Advisors LP raised its stake in shares of The Coca-Cola by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,305,208 shares of the company’s stock valued at $535,295,000 after purchasing an additional 183,316 shares during the period. United Services Automobile Association raised its stake in shares of The Coca-Cola by 4.2% during the fourth quarter. United Services Automobile Association now owns 3,170,020 shares of the company’s stock valued at $150,100,000 after purchasing an additional 127,621 shares during the period. Finally, Convergence Investment Partners LLC raised its stake in shares of The Coca-Cola by 14.8% during the fourth quarter. Convergence Investment Partners LLC now owns 9,352 shares of the company’s stock valued at $443,000 after purchasing an additional 1,209 shares during the period. 65.93% of the stock is currently owned by institutional investors and hedge funds.

About The Coca-Cola

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: Fundamental Analysis and Individual Investors

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

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