Coca-Cola stock is trading -7.96% below its average target price of $61.97 after marking a 1.1% during today's afternoon session. Analysts are giving the large-cap Beverages company an average rating of buy and target prices ranging from $55.64 to $70.73 per share.
The stock has a very low short interest at 0.6%, and a short ratio of 1.36. The company's insiders own 0.67% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 71.5% of Coca-Cola's shares being owned by this investor type.
Institutions Invested in Coca-Cola
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Berkshire Hathaway, Inc | 9% | 400,000,000 | $22,813,999,938 |
| 2023-06-30 | Vanguard Group Inc | 9% | 369,884,918 | $21,096,386,241 |
| 2023-06-30 | Blackrock Inc. | 7% | 302,588,568 | $17,258,138,929 |
| 2023-06-30 | State Street Corporation | 4% | 171,246,926 | $9,767,068,398 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 79,165,884 | $4,515,226,181 |
| 2023-06-30 | JP Morgan Chase & Company | 2% | 78,941,015 | $4,502,400,778 |
| 2023-06-30 | Morgan Stanley | 2% | 78,497,937 | $4,477,129,824 |
| 2023-06-30 | FMR, LLC | 2% | 74,442,533 | $4,245,829,858 |
| 2023-06-30 | Charles Schwab Investment Management, Inc. | 1% | 60,674,352 | $3,460,561,657 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 46,176,945 | $2,633,702,051 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Coca-Cola.
