Compass Capital Corp MA ADV Purchases Shares of 8,479 The Coca-Cola Company (NYSE:KO)

Compass Capital Corp MA ADV purchased a new stake in The Coca-Cola Company (NYSE:KO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,479 shares of the company’s stock, valued at approximately $527,000.

A number of other hedge funds also recently bought and sold shares of KO. Cordatus Wealth Management LLC raised its position in shares of Coca-Cola by 5.9% during the 4th quarter. Cordatus Wealth Management LLC now owns 17,333 shares of the company’s stock worth $1,079,000 after acquiring an additional 970 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth about $632,000. Waterfront Wealth Inc. raised its position in shares of Coca-Cola by 3.8% during the 4th quarter. Waterfront Wealth Inc. now owns 19,307 shares of the company’s stock worth $1,202,000 after acquiring an additional 699 shares in the last quarter. Trinity Legacy Partners LLC raised its position in shares of Coca-Cola by 1,457.9% during the 4th quarter. Trinity Legacy Partners LLC now owns 47,003 shares of the company’s stock worth $2,926,000 after acquiring an additional 43,986 shares in the last quarter. Finally, Financial Harvest LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth about $962,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KO shares. Wells Fargo & Company raised their target price on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Piper Sandler dropped their price target 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. Finally, JPMorgan Chase & Co. dropped 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. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Trading Down 0.1 %

Shares of KO stock opened at $70.03 on Friday. The business’s 50 day moving average is $63.54 and its two-hundred day moving average is $66.41. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a market capitalization of $301.69 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Equities analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

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.