Woodward Diversified Capital LLC Has $347,000 Stock Position in The Coca-Cola Company (NYSE:KO)

Woodward Diversified Capital LLC cut its holdings in The Coca-Cola Company (NYSE:KO) by 49.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,573 shares of the company’s stock after selling 5,345 shares during the period. Woodward Diversified Capital LLC’s holdings in Coca-Cola were worth $347,000 as of its most recent filing with the SEC.

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

Coca-Cola Trading Up 0.8 %

KO opened at $63.84 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company’s 50 day moving average price is $62.54 and its two-hundred day moving average price is $66.32. The firm has a market capitalization of $275.03 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 3.56 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KO. UBS Group dropped their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Truist Financial boosted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reduced their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.19.

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.