Coca-Cola Company (The) (KO): Price Target and June Short Interest Disclosure

Coca-Cola Company (The) (KO) : Currently there are 12 street experts covering Coca-Cola Company (The) (KO) stock. The most bullish and bearish price target for the stock is $54 and $40 respectively for the short term. The average price target of all the analysts comes to $47.42. The estimated standard deviation from the target is $4.6.

Coca-Cola Company (The) (KO), A drop of 3,137,698 shares or 11.2% was seen in the short interest of Coca-cola. Even as the interest dropped from 28,072,959 shares on June 15,2016 to 24,935,261 shares on June 30,2016, the days to cover came in at 2. The updated interest stood at 0.6% of the stocks floats. The stock has seen an average daily volume of 14,342,120 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Goldman Sachs maintains their rating on the shares of Coca-Cola Company (The) (NYSE:KO). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $45 per share from $47 per share. The rating by the firm was issued on June 29, 2016.


Coca-Cola Company (The) (NYSE:KO): On Thursdays trading session , Opening price of the stock was $45.73 with an intraday high of $45.94. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $45.58. However, the stock managed to close at $45.69, a loss of 0.11% for the day. On the previous day, the stock had closed at $45.74. The total traded volume of the day was 7,621,235 shares.

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It owns and markets a range of nonalcoholic sparkling beverage brands, such as Coca-Cola, Diet Coke, Fanta and Sprite. The Company makes its beverage products available to consumers throughout the world through its network of Company-owned or controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers. The Companys segments include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.

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