Strategic Advisors LLC Increases Holdings in The Coca-Cola Company (NYSE:KO)

Strategic Advisors LLC grew its holdings in The Coca-Cola Company (NYSE:KO) by 5.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 20,884 shares of the company’s stock after acquiring an additional 1,088 shares during the period. Strategic Advisors LLC’s holdings in Coca-Cola were worth $1,300,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Creative Planning lifted its position in shares of Coca-Cola by 4.0% in the third quarter. Creative Planning now owns 1,852,532 shares of the company’s stock worth $133,123,000 after buying an additional 70,604 shares in the last quarter. Howard Capital Management Group LLC lifted its position in shares of Coca-Cola by 0.5% in the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after buying an additional 2,069 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Coca-Cola by 7.5% in the third quarter. Stratos Wealth Partners LTD. now owns 133,473 shares of the company’s stock worth $9,591,000 after buying an additional 9,277 shares in the last quarter. Stratos Wealth Advisors LLC lifted its position in shares of Coca-Cola by 1.2% in the third quarter. Stratos Wealth Advisors LLC now owns 25,670 shares of the company’s stock worth $1,845,000 after buying an additional 316 shares in the last quarter. Finally, Net Worth Advisory Group purchased a new stake in shares of Coca-Cola in the third quarter worth about $323,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Down 0.9 %

Shares of NYSE 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 firm 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 stock has a 50 day moving average price of $63.02 and a 200 day moving average price of $66.36. 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 announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (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%. Sell-side analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KO. DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Thursday. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. 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 research note on Thursday, January 23rd. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average price target 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.