Coca-Cola Company (The) (NYSE:KO) has been assigned a $49.00 price objective by analysts at J P Morgan Chase & Co in a research note issued on Thursday. The brokerage currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price target indicates a potential upside of 7.20% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. The Goldman Sachs Group, Inc. set a $45.00 price target on shares of Coca-Cola Company (The) and gave the company a “sell” rating in a report on Wednesday. Susquehanna Bancshares Inc set a $41.00 price target on shares of Coca-Cola Company (The) and gave the company a “hold” rating in a report on Wednesday. Wells Fargo & Company upgraded shares of Coca-Cola Company (The) from a “market perform” rating to an “outperform” rating and raised their price target for the company from $46.72 to $51.00 in a report on Tuesday. Royal Bank Of Canada set a $49.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Sunday, November 12th. Finally, Zacks Investment Research cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $47.54.

Coca-Cola Company (NYSE KO) opened at $45.71 on Thursday. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $47.48. The company has a market cap of $198,330.00, a PE ratio of 25.09, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.

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

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In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.51% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Coca-Cola Company (The) by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after acquiring an additional 4,818,963 shares during the last quarter. BlackRock Inc. lifted its position in Coca-Cola Company (The) by 0.3% in the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock valued at $10,839,247,000 after buying an additional 750,257 shares during the last quarter. State Street Corp lifted its position in Coca-Cola Company (The) by 1.2% in the first quarter. State Street Corp now owns 173,789,519 shares of the company’s stock valued at $7,375,663,000 after buying an additional 2,009,675 shares during the last quarter. Capital World Investors lifted its position in Coca-Cola Company (The) by 8.9% in the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after buying an additional 11,593,679 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Coca-Cola Company (The) by 4.5% in the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock valued at $2,276,647,000 after buying an additional 2,167,225 shares during the last quarter. 64.92% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Company (The) 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 Coca-Cola Company (The) (NYSE:KO)

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