Coca-Cola (NYSE:KO) Price Target Raised to $78.00 at UBS Group

Coca-Cola (NYSE:KO) had its price objective boosted by UBS Group from $72.00 to $78.00 in a research report released on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research firms also recently commented on KO. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Evercore ISI increased their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company increased their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $73.31.

Coca-Cola Trading Up 1.7 %

Shares of KO opened at $68.73 on Wednesday. Coca-Cola has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a market cap of $296.08 billion, a P/E ratio of 28.40, a P/E/G ratio of 3.55 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The company’s fifty day simple moving average is $62.63 and its 200-day simple moving average is $66.32.

Coca-Cola (NYSE:KO) last posted its quarterly 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 net margin of 22.45% and a return on equity of 44.01%. As a group, analysts expect that Coca-Cola will post 2.85 EPS for the current year.

Institutional Investors Weigh In On Coca-Cola

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new stake in Coca-Cola during the 3rd quarter worth $58,000. Creative Planning boosted its stake in Coca-Cola by 4.0% during the 3rd quarter. Creative Planning now owns 1,852,532 shares of the company’s stock worth $133,123,000 after purchasing an additional 70,604 shares during the last quarter. Acorn Creek Capital LLC acquired a new stake in Coca-Cola during the 3rd quarter worth $207,000. CCG Wealth Management LLC boosted its stake in Coca-Cola by 4.3% during the 3rd quarter. CCG Wealth Management LLC now owns 3,614 shares of the company’s stock worth $260,000 after purchasing an additional 149 shares during the last quarter. Finally, Opal Wealth Advisors LLC boosted its stake in Coca-Cola by 6.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 15,405 shares of the company’s stock worth $1,107,000 after purchasing an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

About Coca-Cola

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.