Avidian Wealth Enterprises LLC Has $2.14 Million Stake in The Coca-Cola Company (NYSE:KO)

Avidian Wealth Enterprises LLC lifted its holdings in The Coca-Cola Company (NYSE:KO) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,291 shares of the company’s stock after acquiring an additional 372 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Coca-Cola were worth $2,135,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Hara Capital LLC acquired 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 in the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Coca-Cola during the 4th quarter worth $37,000. MilWealth Group LLC bought a new position in Coca-Cola in the 4th quarter valued at $40,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Coca-Cola in the 3rd quarter valued at $43,000. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Performance

Shares of Coca-Cola stock opened at $67.61 on Wednesday. The stock’s fifty day simple moving average is $62.55 and its 200 day simple moving average is $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 company has a market capitalization of $291.27 billion, a PE ratio of 27.94, a PEG ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping 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%. On average, research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KO. Wells Fargo & Company cut their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley cut their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Barclays reduced their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average target price 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.