Coca-Cola (NYSE:KO) PT Lowered to $65.00 at JPMorgan Chase & Co.

Coca-Cola (NYSE:KO) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $66.00 to $65.00 in a report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 10.34% from the company’s current price.

A number of other analysts have also recently weighed in on KO. Citigroup increased their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Barclays raised their target price on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.09.

Coca-Cola Trading Up 0.7 %

Coca-Cola stock opened at $58.91 on Friday. The firm’s 50-day moving average is $59.92 and its 200-day moving average is $58.53. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. Coca-Cola has a 1 year low of $51.55 and a 1 year high of $64.99. The company has a market cap of $253.97 billion, a P/E ratio of 23.75, a PEG ratio of 3.32 and a beta of 0.59.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts expect that Coca-Cola will post 2.81 earnings per share for the current year.

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James Quincey sold 247,188 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The disclosure for this sale can be found here. Insiders have sold 375,407 shares of company stock valued at $22,795,742 in the last quarter. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KO. Enterprise Bank & Trust Co boosted its holdings in shares of Coca-Cola by 3.4% during the fourth quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock worth $296,000 after purchasing an additional 167 shares during the period. Castleview Partners LLC boosted its holdings in shares of Coca-Cola by 4.4% during the first quarter. Castleview Partners LLC now owns 3,973 shares of the company’s stock worth $246,000 after purchasing an additional 167 shares during the period. Goelzer Investment Management Inc. boosted its holdings in shares of Coca-Cola by 1.8% during the fourth quarter. Goelzer Investment Management Inc. now owns 9,681 shares of the company’s stock worth $571,000 after purchasing an additional 169 shares during the period. Elk River Wealth Management LLC boosted its holdings in shares of Coca-Cola by 1.6% during the fourth quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock worth $639,000 after purchasing an additional 170 shares during the period. Finally, KRS Capital Management LLC boosted its holdings in shares of Coca-Cola by 3.8% during the fourth quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock worth $274,000 after purchasing an additional 170 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.