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

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KO shares. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday, February 13th. Piper Sandler decreased their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Evercore ISI increased their price target on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Stock Down 0.1 %

The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The firm has a fifty day simple moving average of $63.42 and a 200-day simple moving average of $66.39. The company has a market capitalization of $301.69 billion, a PE ratio of 28.35, a P/E/G ratio of 3.74 and a beta of 0.61.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Equities research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Investment Partners Asset Management Inc. grew its position in Coca-Cola by 2.2% during the 3rd quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company’s stock worth $500,000 after purchasing an additional 150 shares in the last quarter. Blossom Wealth Management boosted its position in shares of Coca-Cola by 3.3% in the third quarter. Blossom Wealth Management now owns 4,890 shares of the company’s stock worth $351,000 after buying an additional 155 shares during the period. Peachtree Investment Partners LLC grew its holdings in shares of Coca-Cola by 1.4% during the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company’s stock valued at $697,000 after buying an additional 157 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its position in Coca-Cola by 1.6% during the third quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company’s stock valued at $718,000 after buying an additional 159 shares during the period. Finally, Freedom Day Solutions LLC lifted its stake in Coca-Cola by 1.1% in the 3rd quarter. Freedom Day Solutions LLC now owns 14,229 shares of the company’s stock worth $1,022,000 after acquiring an additional 160 shares in the last quarter. 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.