Coca-Cola (NYSE:KO) Shares Down 1.2% - Time to Sell?

The Coca-Cola Company (NYSE:KO - Get Free Report) was down 1.2% during mid-day trading on Tuesday . The stock traded as low as $62.57 and last traded at $62.58. Approximately 3,997,285 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 15,379,812 shares. The stock had previously closed at $63.35.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research analyst reports. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Barclays decreased their price objective on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $69.00 target price on shares of Coca-Cola in a report on Thursday. Finally, UBS Group decreased their price target on shares of Coca-Cola from $82.00 to $72.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $72.19.

Coca-Cola Trading Up 0.8 %

The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $275.03 billion, a PE ratio of 26.38, a P/E/G ratio of 3.56 and a beta of 0.61. The business has a 50 day moving average price of $62.54 and a 200-day moving average price of $66.32.

Institutional Investors Weigh In On Coca-Cola

A number of hedge funds and other institutional investors have recently bought and sold shares of KO. Investment Advisory Group LLC boosted its position in Coca-Cola by 4.5% during the 3rd quarter. Investment Advisory Group LLC now owns 3,378 shares of the company's stock worth $243,000 after acquiring an additional 146 shares during the period. CCG Wealth Management LLC raised its stake in shares of Coca-Cola by 4.3% during the third quarter. CCG Wealth Management LLC now owns 3,614 shares of the company's stock valued at $260,000 after purchasing an additional 149 shares in the last quarter. Investment Partners Asset Management Inc. lifted its holdings in Coca-Cola by 2.2% in the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company's stock worth $500,000 after purchasing an additional 150 shares during the period. Blossom Wealth Management grew its position in Coca-Cola by 3.3% in the 3rd quarter. Blossom Wealth Management now owns 4,890 shares of the company's stock valued at $351,000 after buying an additional 155 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its stake in Coca-Cola by 1.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company's stock valued at $718,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds 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.