Coca-Cola (NYSE:KO) Upgraded to Buy at DZ Bank

DZ Bank upgraded shares of Coca-Cola (NYSE:KO) from a hold rating to a buy rating in a research note released on Thursday, MarketBeat Ratings reports. They currently have $75.00 price target on the stock.

A number of other brokerages have also recently issued reports on KO. Truist Financial boosted their price objective 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. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. UBS Group upped 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. Finally, Barclays reduced their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. 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 stock. According to MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Stock Up 1.1 %

Shares of NYSE:KO opened at $69.48 on Thursday. 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 of $62.76 and a 200-day moving average of $66.33. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a market cap of $299.28 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 3.55 and a beta of 0.61.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Coca-Cola will post 2.85 earnings per share for the current year.

Hedge Funds Weigh In On Coca-Cola

Institutional investors and hedge funds have recently modified their holdings of the stock. Crowley Wealth Management Inc. acquired a new position in shares of Coca-Cola in the fourth quarter valued at $27,000. Mainstream Capital Management LLC acquired a new position in shares of Coca-Cola in the fourth quarter valued at $31,000. Hara Capital LLC acquired a new position in shares of Coca-Cola in the third quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Coca-Cola in the third quarter valued at $36,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Coca-Cola in the fourth quarter valued at $37,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Company Profile

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.