V Square Quantitative Management LLC Has $5.29 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

V Square Quantitative Management LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,912 shares of the company’s stock after acquiring an additional 10,228 shares during the period. Coca-Cola makes up about 0.8% of V Square Quantitative Management LLC’s portfolio, making the stock its 15th biggest holding. V Square Quantitative Management LLC’s holdings in Coca-Cola were worth $5,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Creative Planning raised its holdings in Coca-Cola by 4.0% in the 3rd quarter. Creative Planning now owns 1,852,532 shares of the company’s stock valued at $133,123,000 after acquiring an additional 70,604 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its holdings in Coca-Cola by 24.0% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 10,094 shares of the company’s stock valued at $725,000 after acquiring an additional 1,955 shares in the last quarter. Amplius Wealth Advisors LLC raised its holdings in Coca-Cola by 7.8% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 9,049 shares of the company’s stock valued at $650,000 after acquiring an additional 654 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in shares of Coca-Cola by 0.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 26,342 shares of the company’s stock valued at $1,893,000 after purchasing an additional 179 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in shares of Coca-Cola by 1.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 113,071 shares of the company’s stock valued at $8,125,000 after purchasing an additional 1,150 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KO has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Evercore ISI lifted their price target on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Thursday. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Trading Up 1.1 %

NYSE KO opened at $69.48 on Friday. The business’s 50-day moving average price is $62.76 and its two-hundred day moving average price is $66.33. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The firm has a market capitalization of $299.28 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. On average, analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

About Coca-Cola

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.