The Coca-Cola (KO) Upgraded by ValuEngine to “Buy”

The Coca-Cola (NYSE:KO) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

KO has been the topic of a number of other research reports. TheStreet upgraded shares of The Coca-Cola from a “c+” rating to a “b-” rating in a report on Tuesday, July 17th. Gabelli restated a “hold” rating on shares of The Coca-Cola in a report on Thursday, July 26th. JPMorgan Chase & Co. restated a “neutral” rating and set a $50.00 target price on shares of The Coca-Cola in a report on Thursday, July 26th. Macquarie set a $47.00 target price on The Coca-Cola and gave the company a “neutral” rating in a report on Wednesday, October 17th. Finally, Jefferies Financial Group restated a “neutral” rating and set a $48.00 target price on shares of The Coca-Cola in a report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $50.74.

KO stock opened at $46.51 on Wednesday. The Coca-Cola has a 12-month low of $41.45 and a 12-month high of $48.62. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 1.06. The company has a market capitalization of $196.10 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 2.90 and a beta of 0.75.



The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 25th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The company had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the business earned $0.59 EPS. The business’s quarterly revenue was down 8.3% on a year-over-year basis. On average, research analysts expect that The Coca-Cola will post 2.07 earnings per share for the current fiscal year.

In related news, SVP James L. Dinkins sold 8,754 shares of the business’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total transaction of $411,000.30. Following the transaction, the senior vice president now owns 28,354 shares of the company’s stock, valued at $1,331,220.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kathy N. Waller sold 48,354 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the transaction, the vice president now directly owns 200,725 shares in the company, valued at approximately $9,323,676.25. The disclosure for this sale can be found here. Insiders sold 168,576 shares of company stock worth $7,835,847 over the last quarter. 1.48% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. BancorpSouth Bank increased its position in shares of The Coca-Cola by 2.3% during the third quarter. BancorpSouth Bank now owns 85,005 shares of the company’s stock valued at $3,927,000 after purchasing an additional 1,950 shares during the period. Private Wealth Partners LLC increased its holdings in The Coca-Cola by 7.8% in the 3rd quarter. Private Wealth Partners LLC now owns 27,255 shares of the company’s stock valued at $1,259,000 after buying an additional 1,980 shares during the period. Alpha Cubed Investments LLC increased its holdings in The Coca-Cola by 1.2% in the 3rd quarter. Alpha Cubed Investments LLC now owns 432,442 shares of the company’s stock valued at $20,035,000 after buying an additional 5,336 shares during the period. Brightworth increased its holdings in The Coca-Cola by 87.2% in the 3rd quarter. Brightworth now owns 33,188 shares of the company’s stock valued at $1,533,000 after buying an additional 15,458 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in The Coca-Cola by 1.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,493,262 shares of the company’s stock valued at $161,405,000 after buying an additional 64,606 shares during the period. 65.42% of the stock is currently owned by institutional investors and hedge funds.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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