CocaCola (NYSE:KO) Price Target Cut to $90.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo lowered Coca-Cola’s price target from $95 to $90 while maintaining an “overweight” rating, implying approximately 5.67% upside from the prior close.
• Despite the reduction, analyst sentiment remains favorable: Coca-Cola has a “Moderate Buy” consensus rating and an average price target of $95.95.
• Coca-Cola recently exceeded quarterly expectations, reporting $0.97 in adjusted EPS versus $0.93 expected and revenue of $13.37 billion, up 6.2% year over year.

CocaCola (NYSE:KO - Get Free Report) had its price target cut by equities researchers at Wells Fargo & Company from $95.00 to $90.00 in a report issued on Monday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's price target points to a potential upside of 5.67% from the stock's previous close.

Other analysts have also recently issued reports about the company. BNP Paribas Exane upped their target price on CocaCola from $90.00 to $98.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. DZ Bank reiterated a "buy" rating on shares of CocaCola in a report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of CocaCola from $96.00 to $95.00 and set an "overweight" rating on the stock in a research report on Monday, September 28th. TD Cowen raised their price objective on shares of CocaCola from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Finally, Truist Financial set a $88.00 target price on shares of CocaCola in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, CocaCola currently has an average rating of "Moderate Buy" and an average price target of $95.95.

CocaCola Stock Down 0.6%

Shares of NYSE KO opened at $85.17 on Monday. The stock has a market cap of $366.44 billion, a PE ratio of 25.61, a P/E/G ratio of 3.34 and a beta of 0.32. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. CocaCola has a 12-month low of $65.84 and a 12-month high of $92.49. The company has a 50-day moving average of $88.08 and a 200 day moving average of $82.44.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. The business had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business's revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, sell-side analysts predict that CocaCola will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Bruno Pietracci sold 111,365 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the sale, the insider owned 41,365 shares in the company, valued at approximately $3,761,319.45. The trade was a 72.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 50,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total value of $4,519,500.00. Following the transaction, the executive vice president owned 223,330 shares of the company's stock, valued at $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 926,620 shares of company stock valued at $83,075,714. Insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Louisbourg Investments Inc. acquired a new position in shares of CocaCola in the first quarter worth $25,000. Guardian Partners Inc. acquired a new stake in shares of CocaCola in the second quarter valued at $27,000. Bard Associates Inc. purchased a new position in CocaCola in the fourth quarter valued at $30,000. Atomic Invest LLC boosted its holdings in CocaCola by 38.7% in the second quarter. Atomic Invest LLC now owns 437 shares of the company's stock valued at $36,000 after purchasing an additional 122 shares during the period. Finally, Timbuktu Capital Management LLC acquired a new position in CocaCola during the 2nd quarter worth $41,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

About CocaCola

The Coca-Cola Company NYSE: KO is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company's best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.

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