Peoples Bank OH Sells 3,336 Shares of The Coca-Cola Company (NYSE:KO)

Peoples Bank OH lowered its position in The Coca-Cola Company (NYSE:KO) by 42.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,496 shares of the company’s stock after selling 3,336 shares during the period. Peoples Bank OH’s holdings in Coca-Cola were worth $280,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Howard Capital Management Group LLC increased its holdings in Coca-Cola by 0.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after purchasing an additional 2,069 shares in the last quarter. Wallington Asset Management LLC lifted its stake in Coca-Cola by 46.3% in the 3rd quarter. Wallington Asset Management LLC now owns 4,693 shares of the company’s stock valued at $337,000 after purchasing an additional 1,485 shares during the last quarter. McAdam LLC lifted its stake in Coca-Cola by 8.0% in the 3rd quarter. McAdam LLC now owns 12,470 shares of the company’s stock valued at $896,000 after purchasing an additional 919 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Coca-Cola by 7,792.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,744,302 shares of the company’s stock valued at $125,346,000 after purchasing an additional 1,722,202 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. lifted its stake in Coca-Cola by 8.7% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 8,979 shares of the company’s stock valued at $645,000 after purchasing an additional 717 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KO. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday, February 13th. UBS Group raised their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a research note on Thursday, February 6th. Piper Sandler cut their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, Evercore ISI raised their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Two 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 MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Stock Down 0.1 %

Shares of KO opened at $70.03 on Friday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The firm’s 50 day moving average is $63.54 and its 200-day moving average is $66.41. The stock has a market capitalization of $301.69 billion, a PE ratio of 28.35, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Equities research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

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.