Are Coca-Cola (NYSE:KO) Shares Worth Your Time and Dime Following Recent Barclays Upgrade?

May 17, 2018 - By Jeanette Kaplan

The Coca-Cola Company (NYSE:KO) Logo

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.11, from 0.8 in 2017Q3. It improved, as 51 investors sold The Coca-Cola Company shares while 623 reduced holdings. 124 funds opened positions while 492 raised stakes. 2.73 billion shares or 0.05% less from 2.73 billion shares in 2017Q3 were reported.

Iat Reinsurance owns 15,000 shares. State Of Alaska Department Of Revenue owns 671,996 shares. Puzo Michael J invested in 6,825 shares or 0.13% of the stock. Jag Cap Mgmt Lc has invested 0.29% of its portfolio in The Coca-Cola Company (NYSE:KO). Stock Yards Natl Bank And Trust owns 0.43% invested in The Coca-Cola Company (NYSE:KO) for 86,083 shares. Visionary Asset Mngmt Inc invested 0.76% in The Coca-Cola Company (NYSE:KO). Winch Advisory Limited Liability Corporation holds 0.02% in The Coca-Cola Company (NYSE:KO) or 877 shares. Amp Capital invested 0.45% of its portfolio in The Coca-Cola Company (NYSE:KO). 16,244 were accumulated by Mycio Wealth Prtn Limited Liability Corporation. Pekin Singer Strauss Asset Mngmt Il owns 18,820 shares. 491,663 are held by Dupont Mgmt. Heritage Wealth Advsr stated it has 18,024 shares. Marco Invest Mngmt Ltd Liability Company holds 2.65% or 378,342 shares. Chilton Invest Ltd Limited Liability Company holds 314,992 shares or 0.56% of its portfolio. Tcw Grp Inc stated it has 33,635 shares or 0.01% of all its holdings.

Since January 16, 2018, it had 0 insider purchases, and 5 sales for $6.52 million activity. MANN JENNIFER K sold $84,735 worth of The Coca-Cola Company (NYSE:KO) on Monday, March 12. The insider LONG ROBERT EDWARD sold 15,000 shares worth $719,250. MURPHY JOHN sold 14,129 shares worth $631,572. $4.01M worth of stock was sold by HAYS ED on Tuesday, January 23.

Coca-Cola (NYSE:KO) Stock Upgrade

In a research report revealed on Thursday morning, Barclays announced that they have decided to upgrade shares of Coca-Cola (NYSE:KO) stock from a Equal-Weight to a Overweight.

The Coca-Cola Company (NYSE:KO) Ratings Coverage

Among 10 analysts covering Coca-Cola (NYSE:KO), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Coca-Cola has $56.0 highest and $44.0 lowest target. $49.33’s average target is 16.62% above currents $42.3 stock price. Coca-Cola had 13 analyst reports since December 14, 2017 according to SRatingsIntel. JP Morgan maintained The Coca-Cola Company (NYSE:KO) on Tuesday, February 20 with “Neutral” rating. The company was maintained on Friday, December 22 by Stifel Nicolaus. Evercore upgraded The Coca-Cola Company (NYSE:KO) on Friday, January 12 to “Outperform” rating. BMO Capital Markets maintained it with “Market Perform” rating and $48 target in Tuesday, February 20 report. The rating was downgraded by Jefferies to “Hold” on Tuesday, March 27. The company was maintained on Thursday, January 4 by Jefferies. The stock of The Coca-Cola Company (NYSE:KO) earned “Hold” rating by Goldman Sachs on Tuesday, April 17. RBC Capital Markets maintained The Coca-Cola Company (NYSE:KO) on Thursday, December 21 with “Buy” rating. The firm has “Buy” rating given on Monday, March 12 by Credit Suisse. The stock has “Hold” rating by Cowen & Co on Monday, January 8.

The stock increased 1.81% or $0.75 during the last trading session, reaching $42.3. About 14.65 million shares traded or 17.47% up from the average. The Coca-Cola Company (NYSE:KO) has risen 1.35% since May 17, 2017 and is uptrending. It has underperformed by 10.20% the S&P500.

Analysts await The Coca-Cola Company (NYSE:KO) to report earnings on July, 25. They expect $0.61 EPS, up 3.39 % or $0.02 from last year’s $0.59 per share. KO’s profit will be $2.60 billion for 17.34 P/E if the $0.61 EPS becomes a reality. After $0.47 actual EPS reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts 29.79 % EPS growth.

The Coca-Cola Company, a beverage company, makes and distributes various nonalcoholic beverages worldwide. The company has market cap of $180.00 billion. The firm primarily offers sparkling beverages and still beverages. It has a 144.86 P/E ratio. The Company’s sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Profitconfidential.com which released: “GLOB Stock: Soaring High on Digital Services” on May 17, 2018, also Etftrends.com with their article: “Consumer Staples ETFs: Why the Struggle is Real” published on May 17, 2018, Livetradingnews.com published: “The Coca-Cola Company (NYSE:KO) Bullish Divergence” on May 03, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Benzinga.com and their article: “Warren Buffett Pushing More Cash To Equities; ‘Big 5’ Stocks Still At The Top” published on May 16, 2018 as well as Streetinsider.com‘s news article titled: “Wall Street slips as Cisco drags, bond yields rise” with publication date: May 17, 2018.

The Coca-Cola Company (NYSE:KO) Institutional Positions Chart

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