Coca-Cola (NYSE:KO) Trading 0.1% Higher – What’s Next?

The Coca-Cola Company (NYSE:KO)’s stock price traded up 0.1% on Tuesday . The stock traded as high as $69.09 and last traded at $68.93. 3,826,503 shares traded hands during trading, a decline of 77% from the average session volume of 16,453,404 shares. The stock had previously closed at $68.87.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Evercore ISI boosted their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, January 8th. Barclays upped their price target on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Morgan Stanley upped their price target on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Trading Up 0.2 %

The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The business has a 50-day simple moving average of $63.15 and a two-hundred day simple moving average of $66.36. The stock has a market cap of $297.19 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 3.55 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. As a group, research analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Institutional Investors Weigh In On Coca-Cola

Several large investors have recently made changes to their positions in KO. Crowley Wealth Management Inc. bought a new stake in Coca-Cola in the 4th quarter valued at $27,000. Hara Capital LLC bought a new stake in Coca-Cola in the 3rd quarter valued at $35,000. Mainstream Capital Management LLC bought a new stake in Coca-Cola in the 4th quarter valued at $31,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Coca-Cola in the 3rd quarter valued at $36,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

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.