UBS Group Increases The Coca-Cola (KO) Price Target to $52.00

The Coca-Cola (NYSE:KO) had its price target increased by research analysts at UBS Group from $50.00 to $52.00 in a research report issued to clients and investors on Wednesday, April 24th, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 5.69% from the company’s current price.

A number of other equities research analysts have also recently weighed in on KO. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Tuesday, January 8th. Royal Bank of Canada reiterated a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research report on Wednesday, February 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $51.00 price objective on shares of The Coca-Cola in a research report on Thursday, February 14th. Goldman Sachs Group reissued a “neutral” rating and set a $47.00 target price on shares of The Coca-Cola in a report on Thursday, February 14th. Finally, Citigroup lowered The Coca-Cola from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $56.00 to $50.00 in a report on Thursday, February 14th. Fourteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.15.

Shares of NYSE:KO opened at $49.20 on Wednesday. The Coca-Cola has a 1-year low of $41.93 and a 1-year high of $50.84. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91. The stock has a market cap of $209.80 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 3.31 and a beta of 0.53.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The firm had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The business’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts expect that The Coca-Cola will post 2.1 EPS for the current year.

In other The Coca-Cola news, insider Francisco Crespo sold 16,426 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $49.00, for a total value of $804,874.00. Following the completion of the sale, the insider now owns 77,109 shares of the company’s stock, valued at $3,778,341. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bernhard Goepelt sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $48.96, for a total value of $636,480.00. Following the completion of the sale, the vice president now directly owns 151,504 shares of the company’s stock, valued at approximately $7,417,635.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,746 shares of company stock valued at $2,559,548. 1.33% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Prime Capital Investment Advisors LLC bought a new stake in shares of The Coca-Cola in the first quarter valued at $28,000. Orrstown Financial Services Inc. raised its stake in shares of The Coca-Cola by 230.8% during the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after purchasing an additional 517 shares during the period. Financial Gravity Wealth Inc. bought a new stake in shares of The Coca-Cola during the 1st quarter valued at $35,000. Transamerica Financial Advisors Inc. raised its stake in shares of The Coca-Cola by 567.7% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock valued at $41,000 after purchasing an additional 721 shares during the period. Finally, Financial Gravity Companies Inc. bought a new stake in shares of The Coca-Cola during the 4th quarter valued at $45,000. 67.99% of the stock is currently owned by institutional investors and hedge funds.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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