The Coca-Cola Company (NYSE:KO) Shares Purchased by Sapient Capital LLC

Sapient Capital LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,013 shares of the company’s stock after acquiring an additional 1,846 shares during the period. Sapient Capital LLC’s holdings in Coca-Cola were worth $19,737,000 as of its most recent SEC filing.

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

Coca-Cola Trading Up 1.2 %

Coca-Cola stock opened at $64.58 on Tuesday. The firm has a market cap of $278.18 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The firm’s 50 day moving average price is $62.53 and its two-hundred day moving average price is $66.32. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Wall Street Analyst Weigh In

Several research analysts have commented on KO shares. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. UBS Group lowered their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Barclays reduced their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

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.