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

The Coca-Cola Company (NYSE:KO - Get Free Report) shares dropped 1.2% on Tuesday . The company traded as low as $62.57 and last traded at $62.58. Approximately 3,997,285 shares were traded during 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

A number of equities analysts have recently commented on the stock. Barclays reduced their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Truist Financial increased their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and lifted their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.19.

Coca-Cola Price Performance

The firm's 50 day simple moving average is $62.53 and its two-hundred day simple moving average is $66.32. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The firm has a market capitalization of $275.03 billion, a P/E ratio of 26.38, a P/E/G ratio of 3.55 and a beta of 0.61.

Institutional Trading of Coca-Cola

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mainstream Capital Management LLC purchased a new stake in Coca-Cola during the 4th quarter valued at $31,000. Hara Capital LLC purchased a new stake in shares of Coca-Cola during the third quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Coca-Cola in the third quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new position in Coca-Cola during the 4th quarter valued at about $37,000. Finally, MilWealth Group LLC purchased a new position in Coca-Cola during the 4th quarter valued at about $40,000. Institutional investors 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.