Wells Fargo Upgrades Coca-Cola to Buy

By Ryan Adsit

Wells Fargo analyst Bonnie Herzog upgraded Coca-Cola (NYSE: KO) to Buy today. The company’s shares opened today at $46.71, close to its 52-week high of $46.98.

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 12.2% and a 86.3% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Monster Beverage Corp.

Currently, the analyst consensus on Coca-Cola is Moderate Buy and the average price target is $47, representing a 0.6% upside.

In a report issued on November 10, RBC Capital also reiterated a Buy rating on the stock with a $49 price target.

Coca-Cola’s market cap is currently $199.1B and has a P/E ratio of 44.50. The company has a book value ratio of 9.0022.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Alexander Douglas, the EVP of KO sold 338,009 shares for a total of $15,578,835.

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.