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
|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||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||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.