HSBC Reaffirms “Buy” Rating for The Coca-Cola (KO)

The Coca-Cola (NYSE:KO)‘s stock had its “buy” rating reaffirmed by research analysts at HSBC in a research note issued to investors on Wednesday. They currently have a $64.00 target price on the stock. HSBC’s target price suggests a potential upside of 33.67% from the company’s current price.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. reissued a “$45.12” rating and set a $49.00 price target on shares of The Coca-Cola in a research note on Wednesday, July 18th. TheStreet raised shares of The Coca-Cola from a “c+” rating to a “b-” rating in a research note on Tuesday, July 17th. Morningstar set a $49.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Wednesday, August 8th. SunTrust Banks lifted their price target on shares of The Coca-Cola to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Finally, Royal Bank of Canada set a $56.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $51.07.

Shares of The Coca-Cola stock opened at $47.88 on Wednesday. The Coca-Cola has a 1 year low of $41.45 and a 1 year high of $48.62. The company has a market cap of $203.19 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 3.00 and a beta of 0.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 1.06.

The Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.20 billion. During the same period in the previous year, the business posted $0.50 earnings per share. The Coca-Cola’s revenue for the quarter was down 9.2% on a year-over-year basis. Equities research analysts predict that The Coca-Cola will post 2.07 earnings per share for the current fiscal year.

In related news, SVP James L. Dinkins sold 8,754 shares of The Coca-Cola stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total value of $411,000.30. Following the transaction, the senior vice president now directly owns 28,354 shares of the company’s stock, valued at $1,331,220.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.48% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of KO. Clarus Wealth Advisors purchased a new position in The Coca-Cola during the 2nd quarter valued at $101,000. WP Advisors LLC purchased a new position in The Coca-Cola during the 2nd quarter valued at $107,000. Signature Estate & Investment Advisors LLC purchased a new position in The Coca-Cola during the 2nd quarter valued at $116,000. Westbourne Investment Advisors Inc. purchased a new position in The Coca-Cola during the 3rd quarter valued at $117,000. Finally, Fort L.P. purchased a new position in The Coca-Cola during the 2nd quarter valued at $122,000. 65.44% of the stock is currently owned by institutional investors and hedge funds.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Analyst Recommendations for The Coca-Cola (NYSE:KO)

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