Coca-Cola (NYSE:KO) Upgraded at DZ Bank

DZ Bank upgraded shares of Coca-Cola (NYSE:KO) from a hold rating to a buy rating in a research report sent to investors on Thursday, MarketBeat.com reports. DZ Bank currently has $75.00 price target on the stock.

A number of other research analysts have also issued reports on the company. Piper Sandler decreased their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Truist Financial lifted their target price on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $75.00 in a report on Thursday, January 30th. UBS Group lifted their target price on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.82.

Coca-Cola Stock Down 0.9 %

Shares of KO opened at $68.85 on Thursday. The business’s 50 day moving average is $63.02 and its 200 day moving average is $66.37. The company has a market capitalization of $296.59 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. Coca-Cola has a 12-month low of $57.93 and a 12-month high of $73.53. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Research analysts expect that Coca-Cola will post 2.85 earnings per share for the current fiscal year.

Institutional Trading of Coca-Cola

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in Coca-Cola in the fourth quarter worth approximately $3,402,151,000. Capital International Investors lifted its position in Coca-Cola by 96.0% in the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company’s stock worth $1,553,337,000 after purchasing an additional 12,222,885 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Coca-Cola by 18.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company’s stock worth $4,617,400,000 after purchasing an additional 11,569,920 shares during the period. FMR LLC lifted its position in shares of Coca-Cola by 13.7% during the 3rd quarter. FMR LLC now owns 92,961,376 shares of the company’s stock valued at $6,680,205,000 after acquiring an additional 11,206,995 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Coca-Cola during the 4th quarter valued at $500,192,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Company Profile

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.