Coca-Cola (NYSE:KO) Trading Down 0.9% – Time to Sell?

The Coca-Cola Company (NYSE:KOGet Free Report)’s share price traded down 0.9% during mid-day trading on Monday . The company traded as low as $68.76 and last traded at $68.85. 20,769,370 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 15,089,333 shares. The stock had previously closed at $69.50.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KO shares. Piper Sandler decreased their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Wells Fargo & Company boosted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. UBS Group increased their price objective on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Evercore ISI upped their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.82.

Check Out Our Latest Analysis on KO

Coca-Cola Trading Down 0.9 %

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 company has a market capitalization of $296.59 billion, a PE ratio of 28.45, a P/E/G ratio of 3.55 and a beta of 0.61. The business has a fifty day moving average price of $63.02 and a 200 day moving average price of $66.36.

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

Institutional Investors Weigh In On Coca-Cola

Several institutional investors and hedge funds have recently modified their holdings of KO. Creative Planning grew its position in Coca-Cola by 4.0% in the third quarter. Creative Planning now owns 1,852,532 shares of the company’s stock valued at $133,123,000 after acquiring an additional 70,604 shares in the last quarter. Howard Capital Management Group LLC grew its position in shares of Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after buying an additional 2,069 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Coca-Cola by 7.5% in the third quarter. Stratos Wealth Partners LTD. now owns 133,473 shares of the company’s stock worth $9,591,000 after buying an additional 9,277 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in Coca-Cola by 1.2% in the third quarter. Stratos Wealth Advisors LLC now owns 25,670 shares of the company’s stock valued at $1,845,000 after acquiring an additional 316 shares in the last quarter. Finally, Net Worth Advisory Group acquired a new stake in Coca-Cola in the third quarter valued at $323,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

About Coca-Cola

(Get Free Report)

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.

Further Reading

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