BMO Capital Downgrades Coca-Cola to Hold

By Carrie Williams

BMO Capital analyst Amit Sharma downgraded Coca-Cola (NYSE: KO) to Hold today and set a price target of $46. The company’s shares closed yesterday at $45.98, close to its 52-week high of $46.06.

According to TipRanks.com, Sharma is a 5-star analyst with an average return of 12.5% and a 76.2% success rate. Sharma covers the Consumer Goods sector, focusing on stocks such as Monster Beverage Corp, Primo Water Corp, and TreeHouse Foods.

Coca-Cola has an analyst consensus of Moderate Buy, with a price target consensus of $45.43.

Based on Coca-Cola’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $9.02 billion and quarterly net profit of $1.18 billion. In comparison, last year the company earned revenue of $10.17 billion and had a net profit of $1.48 billion.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Last month, Brian John Smith, an Insider at KO sold 87,800 shares for a total of $3,813,154.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.