Aveo Capital Partners LLC Reduces Stock Holdings in The Coca-Cola Company (NYSE:KO)

Aveo Capital Partners LLC decreased its holdings in The Coca-Cola Company (NYSE:KO) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,293 shares of the company’s stock after selling 681 shares during the quarter. Aveo Capital Partners LLC’s holdings in Coca-Cola were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hara Capital LLC bought a new position in Coca-Cola in the third quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Coca-Cola in the third quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in Coca-Cola in the fourth quarter worth $37,000. MilWealth Group LLC bought a new position in Coca-Cola in the fourth quarter worth $40,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Coca-Cola in the third quarter worth $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Down 0.9 %

Shares of NYSE:KO opened at $68.85 on Friday. The stock has a market capitalization of $296.59 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 3.55 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The stock’s 50-day simple moving average is $63.02 and its two-hundred day simple moving average is $66.37. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share 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%. Analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Wall Street Analyst Weigh In

KO has been the subject of a number of research reports. DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday. UBS Group raised their price target on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley raised their price target on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday. Evercore ISI raised their price target on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

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.