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

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

A number of other equities analysts also recently commented on the company. Piper Sandler cut their price objective on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. UBS Group raised their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 8th. Wells Fargo & Company increased 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. Finally, Truist Financial lifted their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Stock Performance

Shares of KO stock opened at $68.73 on Thursday. 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 firm has a market capitalization of $296.08 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. Coca-Cola has a one year low of $57.93 and a one year high of $73.53. The company has a 50 day moving average price of $62.76 and a 200 day moving average price of $66.33.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Sell-side analysts anticipate that Coca-Cola will post 2.85 EPS for the current year.

Hedge Funds Weigh In On Coca-Cola

Institutional investors have recently made changes to their positions in the business. Crowley Wealth Management Inc. bought a new stake in shares of Coca-Cola in the fourth quarter worth $27,000. Hara Capital LLC acquired a new position in Coca-Cola during the 3rd quarter worth $35,000. Mainstream Capital Management LLC bought a new stake in shares of Coca-Cola in the 4th quarter worth about $31,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Coca-Cola in the 3rd quarter worth about $36,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Coca-Cola in the 3rd quarter valued at about $43,000. 70.26% of the stock is owned by institutional investors and hedge funds.

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.