Barclays Boosts Coca-Cola (NYSE:KO) Price Target to $73.00

Coca-Cola (NYSE:KO) had its price target boosted by investment analysts at Barclays from $66.00 to $73.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 6.21% from the company’s previous close.

KO has been the topic of a number of other research reports. Evercore ISI lifted their target price on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Thursday. Truist Financial upped their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley lifted their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Trading Up 1.7 %

Shares of KO stock opened at $68.73 on Thursday. Coca-Cola has a twelve month low of $57.93 and a twelve month high of $73.53. The stock has a market cap of $296.08 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 3.55 and a beta of 0.61. The company’s 50-day moving average price is $62.76 and its 200-day moving average price is $66.33. 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 posted its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating 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, equities analysts predict that Coca-Cola will post 2.85 earnings per share for the current year.

Hedge Funds Weigh In On Coca-Cola

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Investment Partners Asset Management Inc. lifted its stake in shares of Coca-Cola by 2.2% during the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company’s stock valued at $500,000 after buying an additional 150 shares during the period. Blossom Wealth Management raised its holdings in Coca-Cola by 3.3% in the 3rd quarter. Blossom Wealth Management now owns 4,890 shares of the company’s stock valued at $351,000 after acquiring an additional 155 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in shares of Coca-Cola by 1.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company’s stock worth $718,000 after purchasing an additional 159 shares during the period. DeDora Capital Inc. lifted its stake in shares of Coca-Cola by 3.4% during the 3rd quarter. DeDora Capital Inc. now owns 4,902 shares of the company’s stock worth $352,000 after purchasing an additional 160 shares during the period. Finally, Freedom Day Solutions LLC boosted its holdings in shares of Coca-Cola by 1.1% during the third quarter. Freedom Day Solutions LLC now owns 14,229 shares of the company’s stock worth $1,022,000 after purchasing an additional 160 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.