Fintel reports that on December 12, 2024, Deutsche Bank upgraded their outlook for Coca-Cola (NYSE:KO) from Hold to Buy.
Analyst Price Forecast Suggests 21.08% Upside
As of December 2, 2024, the average one-year price target for Coca-Cola is $75.84/share. The forecasts range from a low of $64.87 to a high of $89.25. The average price target represents an increase of 21.08% from its latest reported closing price of $62.64 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Coca-Cola is 47,667MM, an increase of 2.81%. The projected annual non-GAAP EPS is 2.83.
What is the Fund Sentiment?
There are 4,354 funds or institutions reporting positions in Coca-Cola. This is an increase of 122 owner(s) or 2.88% in the last quarter. Average portfolio weight of all funds dedicated to KO is 0.56%, an increase of 0.39%. Total shares owned by institutions increased in the last three months by 2.70% to 3,429,310K shares. 
The put/call ratio of KO is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
Berkshire Hathaway holds 400,000K shares representing 9.29% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 122,955K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 122,404K shares , representing an increase of 0.45%. The firm increased its portfolio allocation in KO by 6.52% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 101,588K shares representing 2.36% ownership of the company. In its prior filing, the firm reported owning 99,510K shares , representing an increase of 2.05%. The firm increased its portfolio allocation in KO by 6.07% over the last quarter.
Geode Capital Management holds 92,957K shares representing 2.16% ownership of the company. In its prior filing, the firm reported owning 89,990K shares , representing an increase of 3.19%. The firm decreased its portfolio allocation in KO by 43.67% over the last quarter.
Jpmorgan Chase holds 86,954K shares representing 2.02% ownership of the company. In its prior filing, the firm reported owning 67,094K shares , representing an increase of 22.84%. The firm decreased its portfolio allocation in KO by 90.86% over the last quarter.
Coca-Cola Background Information
(This description is provided by the company.)
The Coca-Cola Company is a total beverage company with products sold in more than 200 countries and territories. The company’s purpose is to refresh the world and make a difference. The Company's portfolio of brands includes Coca-Cola, Sprite, Fanta and other sparkling soft drinks. The Company's hydration, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, Powerade, Costa, Georgia, Gold Peak, Honest and Ayataka. The Company's nutrition, juice, dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. The Company's constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. The Company seeks to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
