D Orazio & Associates Inc. Reduces Holdings in The Coca-Cola Company (NYSE:KO)

D Orazio & Associates Inc. lowered its position in The Coca-Cola Company (NYSE:KO) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,854 shares of the company’s stock after selling 215 shares during the quarter. D Orazio & Associates Inc.’s holdings in Coca-Cola were worth $676,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Hara Capital LLC purchased a new position in shares of Coca-Cola during the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Coca-Cola during the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in Coca-Cola during the 4th quarter valued at $37,000. MilWealth Group LLC bought a new position in Coca-Cola in the 4th quarter valued at $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Coca-Cola in the third quarter worth $43,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.8 %

NYSE KO opened at $63.84 on Friday. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The company has a 50 day moving average price of $62.54 and a 200 day moving average price of $66.32. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The firm has a market cap of $275.03 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a research note on Thursday. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. UBS Group lowered their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Piper Sandler reduced their price objective on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.19.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.