JPMorgan Chase & Co. Raises CocaCola (NYSE:KO) Price Target to $90.00

CocaCola (NYSE:KOGet Free Report) had its price objective raised by JPMorgan Chase & Co. from $85.00 to $90.00 in a research report issued on Friday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 7.57% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Truist Financial set a $88.00 price objective on shares of CocaCola in a research report on Friday, June 26th. Sanford C. Bernstein set a $83.00 target price on shares of CocaCola in a research note on Thursday. Wells Fargo & Company raised their price target on shares of CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Piper Sandler restated an “overweight” rating on shares of CocaCola in a research report on Friday, June 26th. Finally, Jefferies Financial Group upped their price target on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Fifteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.06.

Check Out Our Latest Stock Report on KO

CocaCola Price Performance

KO traded up $1.04 during trading on Friday, reaching $83.67. 2,821,193 shares of the company were exchanged, compared to its average volume of 17,339,131. CocaCola has a 12-month low of $65.35 and a 12-month high of $85.68. The company’s 50-day moving average is $80.70 and its two-hundred day moving average is $77.12. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The company has a market cap of $359.98 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 3.33 and a beta of 0.34.

CocaCola (NYSE:KOGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The business had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.24 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Research analysts forecast that CocaCola will post 3.26 earnings per share for the current fiscal year.

Insider Activity at CocaCola

In related news, EVP Jennifer K. Mann sold 100,000 shares of CocaCola stock in a transaction on Monday, June 8th. The shares were sold at an average price of $79.46, for a total value of $7,946,000.00. Following the transaction, the executive vice president owned 181,384 shares in the company, valued at $14,412,772.64. This trade represents a 35.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of CocaCola stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $80.13, for a total value of $34,960,398.48. Following the completion of the transaction, the chairman owned 122,833 shares in the company, valued at approximately $9,842,608.29. This represents a 78.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 899,905 shares of company stock valued at $71,832,315. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On CocaCola

A number of large investors have recently bought and sold shares of KO. Everpar Advisors LLC boosted its stake in shares of CocaCola by 0.9% during the second quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock valued at $1,179,000 after purchasing an additional 125 shares during the period. Geneos Wealth Management Inc. raised its holdings in CocaCola by 0.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company’s stock valued at $3,109,000 after buying an additional 129 shares during the last quarter. HORAN Wealth LLC boosted its position in CocaCola by 3.9% during the 1st quarter. HORAN Wealth LLC now owns 3,458 shares of the company’s stock valued at $263,000 after buying an additional 130 shares during the period. Wills Financial Group LLC boosted its position in CocaCola by 1.3% during the 1st quarter. Wills Financial Group LLC now owns 10,170 shares of the company’s stock valued at $816,000 after buying an additional 133 shares during the period. Finally, Beacon Financial Advisory LLC grew its holdings in CocaCola by 0.5% in the 1st quarter. Beacon Financial Advisory LLC now owns 26,844 shares of the company’s stock worth $2,041,000 after acquiring an additional 136 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

CocaCola Company Profile

(Get Free Report)

The Coca?Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca?Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready?to?drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca?Cola’s brand portfolio includes widely recognized names such as Coca?Cola, Diet Coke, Coca?Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

Further Reading

Analyst Recommendations for CocaCola (NYSE:KO)

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