Burke & Herbert Bank & Trust Co. Has $5.86 Million Stake in The Coca-Cola Company (NYSE:KO)

Burke & Herbert Bank & Trust Co. lowered its position in The Coca-Cola Company (NYSE:KO) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,099 shares of the company’s stock after selling 240 shares during the quarter. Coca-Cola makes up about 1.4% of Burke & Herbert Bank & Trust Co.’s investment portfolio, making the stock its 15th largest holding. Burke & Herbert Bank & Trust Co.’s holdings in Coca-Cola were worth $5,859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KO. Hara Capital LLC bought a new position in Coca-Cola during the third quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola during the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Coca-Cola during the fourth quarter worth $37,000. MilWealth Group LLC bought a new stake in shares of Coca-Cola during the 4th quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in Coca-Cola in the 3rd quarter valued at about $43,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Down 0.9 %

Shares of KO opened at $68.85 on Monday. 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 Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The firm has a market cap 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 business’s fifty day moving average is $63.02 and its 200-day moving average is $66.36.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Equities analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KO has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. UBS Group lifted their target price on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Barclays upped their price target on shares of Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola 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.