Coca-Cola Company (The) (KO) Lifted to “Strong-Buy” at Vetr Inc.

Coca-Cola Company (The) (NYSE:KO) was upgraded by equities researchers at Vetr from a “sell” rating to a “strong-buy” rating in a report released on Tuesday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Tuesday, June 27th. UBS AG reiterated a “buy” rating and issued a $48.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, May 15th. Sanford C. Bernstein set a $49.00 target price on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average target price of $45.79.

Shares of Coca-Cola Company (NYSE KO) traded up 0.43% on Tuesday, hitting $46.72. 8,567,619 shares of the stock traded hands. The firm has a market cap of $199.28 billion, a P/E ratio of 49.33 and a beta of 0.71. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.75. The stock has a 50-day moving average price of $45.73 and a 200 day moving average price of $44.25.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the previous year, the firm posted $0.60 EPS. The firm’s revenue was down 15.9% compared to the same quarter last year. Equities research analysts predict that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

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In related news, insider Beatriz R. Perez sold 29,282 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the transaction, the insider now owns 118,000 shares in the company, valued at $5,333,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the transaction, the senior vice president now owns 98,718 shares in the company, valued at approximately $4,541,028. The disclosure for this sale can be found here. Insiders have sold 396,117 shares of company stock worth $18,197,793 in the last quarter. 1.51% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. North American Management Corp boosted its stake in Coca-Cola Company (The) by 10.3% during the second quarter. North American Management Corp now owns 6,435 shares of the company’s stock worth $289,000 after acquiring an additional 600 shares in the last quarter. Shell Asset Management Co. boosted its stake in Coca-Cola Company (The) by 0.5% during the first quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after acquiring an additional 4,101 shares in the last quarter. Guinness Asset Management Ltd boosted its stake in Coca-Cola Company (The) by 13.4% during the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after acquiring an additional 27,560 shares in the last quarter. Montecito Bank & Trust boosted its stake in Coca-Cola Company (The) by 90.2% during the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after acquiring an additional 60,258 shares in the last quarter. Finally, BB&T Corp boosted its stake in Coca-Cola Company (The) by 9.5% during the second quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after acquiring an additional 78,932 shares in the last quarter. 64.68% of the stock is currently owned by institutional investors and hedge funds.

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.

To view Vetr’s full report, visit Vetr’s official website.

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

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