Barclays Sticks to Its Buy Rating for Coca-Cola (KO)

In a report released on January 12, Lauren Lieberman from Barclays maintained a Buy rating on Coca-Cola (KOResearch Report), with a price target of $69.00. The company’s shares closed yesterday at $61.43.

Lieberman covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, International Flavors & Fragrances, and Church & Dwight. According to TipRanks, Lieberman has an average return of 2.4% and a 54.29% success rate on recommended stocks.

Currently, the analyst consensus on Coca-Cola is a Strong Buy with an average price target of $66.75.

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The company has a one-year high of $65.77 and a one-year low of $53.63. Currently, Coca-Cola has an average volume of 12.81M.

Based on the recent corporate insider activity of 62 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. Most recently, in November 2022, RANDAZZA MARK, the CAO of KO sold 42,068.00 shares for a total of $2,560,258.48.

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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