TigerOak Management L.L.C. Buys Shares of 13,193 The Coca-Cola Company (NYSE:KO)

TigerOak Management L.L.C. bought a new stake in shares of The Coca-Cola Company (NYSE:KO) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 13,193 shares of the company’s stock, valued at approximately $821,000.

Several other institutional investors also recently bought and sold shares of the stock. Congress Asset Management Co. bought a new position in Coca-Cola during the fourth quarter valued at about $1,304,000. Roxbury Financial LLC bought a new position in shares of Coca-Cola in the fourth quarter worth about $999,000. Empire Life Investments Inc. bought a new position in shares of Coca-Cola in the fourth quarter worth about $2,706,000. BXM Wealth LLC bought a new position in shares of Coca-Cola in the fourth quarter worth about $211,000. Finally, PUREfi Wealth LLC bought a new position in shares of Coca-Cola in the fourth quarter worth about $274,000. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Down 0.9 %

NYSE KO opened at $68.85 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The stock’s 50 day moving average is $63.02 and its two-hundred day moving average is $66.37. The company 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 Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share 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%. Equities analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KO shares. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Barclays lifted their price objective on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Evercore ISI lifted their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a research report on Thursday, February 6th. Two 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. Based on data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $73.82.

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.