Fintel reports that on December 12, 2024, Deutsche Bank upgraded their outlook for Coca-Cola (XTRA:CCC3) from Hold to Buy.
Analyst Price Forecast Suggests 18.05% Upside
As of December 3, 2024, the average one-year price target for Coca-Cola is 72,01 €/share. The forecasts range from a low of 61,59 € to a high of 84,74 €. The average price target represents an increase of 18.05% from its latest reported closing price of 61,00 € / share.
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The projected annual revenue for Coca-Cola is 48,750MM, an increase of 5.14%. The projected annual non-GAAP EPS is 2.89.
What is the Fund Sentiment?
There are 4,354 funds or institutions reporting positions in Coca-Cola. This is an increase of 122 owner(s) or 2.88% in the last quarter. Average portfolio weight of all funds dedicated to CCC3 is 0.56%, an increase of 0.36%. Total shares owned by institutions increased in the last three months by 0.48% to 3,429,280K shares.
What are Other Shareholders Doing?
Berkshire Hathaway holds 400,000K shares representing 9.29% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 122,955K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 122,404K shares , representing an increase of 0.45%. The firm increased its portfolio allocation in CCC3 by 6.52% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 101,588K shares representing 2.36% ownership of the company. In its prior filing, the firm reported owning 99,510K shares , representing an increase of 2.05%. The firm increased its portfolio allocation in CCC3 by 6.07% over the last quarter.
Geode Capital Management holds 92,957K shares representing 2.16% ownership of the company. In its prior filing, the firm reported owning 89,990K shares , representing an increase of 3.19%. The firm decreased its portfolio allocation in CCC3 by 43.67% over the last quarter.
Jpmorgan Chase holds 86,954K shares representing 2.02% ownership of the company. In its prior filing, the firm reported owning 67,094K shares , representing an increase of 22.84%. The firm decreased its portfolio allocation in CCC3 by 90.86% over the last quarter.
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