Richard C. Young & CO. LTD. Reduces Position in The Coca-Cola Company (NYSE:KO)

Richard C. Young & CO. LTD. trimmed its stake in The Coca-Cola Company (NYSE:KO) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,797 shares of the company’s stock after selling 1,103 shares during the period. Richard C. Young & CO. LTD.’s holdings in Coca-Cola were worth $9,824,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Hara Capital LLC bought a new position in shares of Coca-Cola in the third quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Coca-Cola in the third quarter worth $36,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Coca-Cola during the 3rd quarter valued at $43,000. Retirement Wealth Solutions LLC purchased a new position in shares of Coca-Cola during the 4th quarter valued at $37,000. Finally, MilWealth Group LLC bought a new position in Coca-Cola in the 4th quarter worth $40,000. 70.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a research report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Morgan Stanley decreased their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Finally, Truist Financial boosted their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.19.

Coca-Cola Trading Up 0.8 %

KO opened at $63.84 on Friday. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The company has a market capitalization of $275.03 billion, a P/E ratio of 26.38, a PEG ratio of 3.55 and a beta of 0.61. The stock’s fifty day moving average is $62.53 and its two-hundred day moving average is $66.31. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

About Coca-Cola

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.