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Barclays Keeps Their Buy Rating on Coca-Cola (KO)

Barclays analyst Lauren Lieberman maintained a Buy rating on Coca-Cola (KOResearch Report) on July 18 and set a price target of $69.00. The company’s shares closed last Tuesday at $62.53.

According to TipRanks.com, Lieberman is a 3-star analyst with an average return of 1.9% and a 52.9% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Coca-Cola Europacific Partners, and The Estée Lauder Companies.

Currently, the analyst consensus on Coca-Cola is a Strong Buy with an average price target of $70.94, implying a 14.3% upside from current levels. In a report issued on July 7, RBC Capital also maintained a Buy rating on the stock with a $69.00 price target.

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Based on Coca-Cola’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $10.49 billion and net profit of $2.78 billion. In comparison, last year the company earned revenue of $9.02 billion and had a net profit of $2.25 billion.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Coca-Cola Co. offers non-alcoholic beverages, including sparkling soft drinks, water, enhanced water, sports drinks, juice, dairy and plant-based beverages, tea, coffee and energy drinks. Its key brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Costa Coffee, Fanta, Sprite, Minute Maid, Georgia, Powerade, Fairlife, Del Valle, Schweppes, Aquarius, Dasani, Simply, Glaceau Vitaminwater, Gold Peak, Fuze Tea, and Glaceau Smartwater. The company was founded by Asa Griggs Candler in 1886 and is headquartered in Atlanta, GA.

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