Coca-Cola (KO) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Coca-Cola (NYSE: KO) in the last few weeks:

• 1/17/2025 – Coca-Cola had its price target lowered by analysts at Barclays PLC from $73.00 to $66.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – Coca-Cola had its price target lowered by analysts at UBS Group AG from $82.00 to $72.00. They now have a “buy” rating on the stock.
• 1/8/2025 – Coca-Cola was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating. They now have a $75.00 price target on the stock.
• 1/7/2025 – Coca-Cola had its price target lowered by analysts at Wells Fargo & Company from $75.00 to $70.00. They now have an “overweight” rating on the stock.
• 1/7/2025 – Coca-Cola is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $74.00 price target on the stock.
• 12/12/2024 – Coca-Cola was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock, up previously from $68.00.
• 12/2/2024 – Coca-Cola had its price target lowered by analysts at Wells Fargo & Company from $78.00 to $75.00. They now have an “overweight” rating on the stock.

Coca-Cola Trading Down 1.0 %

Shares of Coca-Cola stock traded down $0.64 during trading on Wednesday, reaching $61.78. The company’s stock had a trading volume of 18,184,124 shares, compared to its average volume of 16,565,420. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The firm’s 50-day moving average is $62.66 and its two-hundred day moving average is $66.44. The company has a market cap of $266.14 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.43 and a beta of 0.61.

Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The company had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Coca-Cola’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in Coca-Cola by 13.7% in the third quarter. FMR LLC now owns 92,961,376 shares of the company’s stock worth $6,680,205,000 after acquiring an additional 11,206,995 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Coca-Cola by 14.5% in the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company’s stock worth $2,271,885,000 after purchasing an additional 4,013,996 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Coca-Cola in the 3rd quarter worth about $269,382,000. Geode Capital Management LLC grew its position in Coca-Cola by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company’s stock valued at $6,664,005,000 after purchasing an additional 2,966,964 shares during the last quarter. Finally, Pathway Financial Advisers LLC increased its stake in Coca-Cola by 7,006.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company’s stock valued at $178,104,000 after purchasing an additional 2,443,612 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

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.