Citi Keeps Their Buy Rating on Coca-Cola (KO)

Citi analyst Filippo Falorni maintained a Buy rating on Coca-Cola yesterday and set a price target of $87.00. The company’s shares closed yesterday at $75.31.

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Falorni covers the Consumer Defensive sector, focusing on stocks such as e.l.f. Beauty, The Estée Lauder Companies, and Newell Brands. According to TipRanks, Falorni has an average return of -1.0% and a 52.35% success rate on recommended stocks.

In addition to Citi, Coca-Cola also received a Buy from Barclays’s Lauren Lieberman in a report issued yesterday. However, on April 8, Goldman Sachs maintained a Hold rating on Coca-Cola (NYSE: KO).

Based on Coca-Cola’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $11.82 billion and a net profit of $2.27 billion. In comparison, last year the company earned a revenue of $11.54 billion and had a net profit of $2.2 billion

Based on the recent corporate insider activity of 54 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. Last month, Monica Howard Douglas, the EVP of KO sold 23,880.00 shares for a total of $1,847,595.60.