Morgan Stanley Issues Positive Forecast for Coca-Cola (NYSE:KO) Stock Price

Coca-Cola (NYSE:KO) had its target price lifted by stock analysts at Morgan Stanley from $76.00 to $78.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 12.27% from the company’s current price.

Several other research analysts also recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. UBS Group dropped their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Barclays lowered their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Truist Financial boosted their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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 research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.82.

Coca-Cola Stock Up 1.1 %

Shares of KO stock opened at $69.48 on Wednesday. The stock’s 50 day simple moving average is $62.76 and its 200 day simple moving average is $66.33. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. Coca-Cola has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a market capitalization of $299.28 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 3.55 and a beta of 0.61.

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

Institutional Trading of Coca-Cola

Several large investors have recently made changes to their positions in KO. ORG Wealth Partners LLC bought a new stake in shares of Coca-Cola during the third quarter worth $58,000. Creative Planning grew its holdings in shares of Coca-Cola by 4.0% during the third 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 bought a new position in Coca-Cola in the third quarter valued at about $207,000. CCG Wealth Management LLC boosted its holdings in Coca-Cola by 4.3% in the third quarter. CCG Wealth Management LLC now owns 3,614 shares of the company’s stock valued at $260,000 after acquiring an additional 149 shares during the last quarter. Finally, Opal Wealth Advisors LLC boosted its holdings in Coca-Cola by 6.7% in the third quarter. Opal Wealth Advisors LLC now owns 15,405 shares of the company’s stock valued at $1,107,000 after acquiring an additional 970 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

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.