Werba Rubin Papier Wealth Management Sells 183 Shares of The Coca-Cola Company (NYSE:KO)

Werba Rubin Papier Wealth Management decreased its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.4% during the fourth quarter, Holdings Channel reports. The firm owned 5,152 shares of the company’s stock after selling 183 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Coca-Cola were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. Laidlaw Wealth Management LLC raised its position in Coca-Cola by 4.5% in the fourth quarter. Laidlaw Wealth Management LLC now owns 9,370 shares of the company’s stock worth $583,000 after acquiring an additional 400 shares during the period. Cannon Financial Strategists Inc. lifted its position in Coca-Cola by 1.5% during the fourth quarter. Cannon Financial Strategists Inc. now owns 57,566 shares of the company’s stock valued at $3,584,000 after purchasing an additional 831 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Coca-Cola by 3.1% in the 4th quarter. Global Retirement Partners LLC now owns 87,924 shares of the company’s stock worth $5,474,000 after acquiring an additional 2,635 shares during the last quarter. Northcape Wealth Management LLC lifted its holdings in Coca-Cola by 0.6% during the 4th quarter. Northcape Wealth Management LLC now owns 44,181 shares of the company’s stock valued at $2,751,000 after buying an additional 251 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in Coca-Cola during the 4th quarter valued at about $91,000. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KO shares. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company raised their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Barclays upped their target price on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $73.82.

Coca-Cola Trading Up 0.2 %

NYSE:KO opened at $68.99 on Wednesday. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The firm has a market capitalization of $297.20 billion, a P/E ratio of 27.93, a P/E/G ratio of 3.73 and a beta of 0.61. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The business has a 50 day simple moving average of $63.27 and a 200 day simple moving average of $66.36.

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

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.