The Coca-Cola Company (NYSE:KO) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its holdings in The Coca-Cola Company (NYSE:KO) by 12.9% during the 4th quarter, Holdings Channel reports. The firm owned 195,825 shares of the company’s stock after buying an additional 22,404 shares during the period. Kestra Private Wealth Services LLC’s holdings in Coca-Cola were worth $12,192,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of KO. Ferguson Shapiro LLC boosted its stake in shares of Coca-Cola by 26.2% during the third quarter. Ferguson Shapiro LLC now owns 12,191 shares of the company’s stock valued at $876,000 after acquiring an additional 2,533 shares during the last quarter. Walker Financial Services Inc. lifted its holdings in Coca-Cola by 5.6% in the 3rd quarter. Walker Financial Services Inc. now owns 28,181 shares of the company’s stock valued at $2,025,000 after purchasing an additional 1,500 shares in the last quarter. Juncture Wealth Strategies LLC acquired a new stake in shares of Coca-Cola during the 3rd quarter worth about $320,000. LongView Wealth Management grew its holdings in shares of Coca-Cola by 0.7% during the third quarter. LongView Wealth Management now owns 43,373 shares of the company’s stock worth $3,117,000 after buying an additional 312 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Coca-Cola by 49.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 126,017 shares of the company’s stock valued at $9,054,000 after buying an additional 41,630 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Up 0.8 %

Shares of Coca-Cola stock opened at $63.84 on Friday. The company has a fifty day moving average price of $62.53 and a 200 day moving average price of $66.31. 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 Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The stock has a market cap of $275.03 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KO. Barclays decreased their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two investment 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.