Somewhat Favorable Press Coverage Somewhat Unlikely to Affect The Coca-Cola (NYSE:KO) Stock Price
News headlines about The Coca-Cola (NYSE:KO) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Coca-Cola earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.3737828310801 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- The Coca-Cola Company (KO) ended its day with the change of 1.44% – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Stock in the Spotlight – The Coca-Cola Company (KO) – android media cell (androidmediacell.com)
- Hot Tickers: HCP, Inc. (HCP), The Coca-Cola Company (KO) – Newburgh Gazette (newburghgazette.com)
- The Valuations of Major Nonalcoholic Beverage Companies (finance.yahoo.com)
- Staples Picks New CEO From Coca-Cola Ranks — WSJ (advfn.com)
A number of analysts have recently commented on KO shares. Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $46.04 to $55.00 in a research report on Friday, January 12th. Goldman Sachs Group set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, January 10th. Vetr lowered shares of The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 price objective for the company. in a report on Monday, January 8th. Jefferies Group set a $50.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, January 4th. Finally, Royal Bank of Canada set a $56.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.01.
In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the transaction, the insider now owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,649 shares of company stock valued at $21,379,611. 1.51% of the stock is owned by insiders.
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The Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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