Coca-Cola (KO) Given “Hold” Rating By Brokerages

Free $100 Forex No-Deposit Bonus

coke bottle and glassCoca-Cola (KO), the beverage maker, has been given an average “hold” rating by brokerages.  Three analysts have given the stock a “sell” recommendation, while nine have given the stock a “hold” rating. Ten analysts rate the stock as a “buy”. Analysts have given Coca-Cola’s stock an average one-year price target of $45.02.

Coca-Cola’s Executive Vice President Marcos de Quinto sold over 117,000 shares in October at an average price of $42.95, totaling $5,016,535.20. The EVP now holds 156,693 shares in Coca-Cola, which are valued at $6,714,295.05.

Many hedge funds have changed their positions in the company. Livforsakringsbolaget Skandia Omsesidigt upped its stake in the company by 0.4% in the fourth quarter. The company now owns 431,115 shares, which are valued at $18,521,000. Prentiss Smith & Co. Inc. increased its stake in the company by 3.9% in the fourth quarter, and now owns 7870 shares. Their stake is valued at $338,000.

In recent months, Sanford C Bernstein gave Coca-Cola’s stock a price target of $47. Bernstein also gave the stock an “outperform” rating in November. Nomura also increased their price objective on the stock to $54, up from $52, and gave it a “buy” rating.

Coca-Cola’s stock opened at $42.06 on Wednesday. The company has a PE ratio of 26.82 and a market capitalization that totals $182.92 billion.

Copyright © 2019. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.