Signet Investment Advisory Group Inc. Has $2.65 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Signet Investment Advisory Group Inc. boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,588 shares of the company’s stock after buying an additional 402 shares during the period. Signet Investment Advisory Group Inc.’s holdings in Coca-Cola were worth $2,652,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. grew its holdings in shares of Coca-Cola by 41.3% during the third quarter. Redhawk Wealth Advisors Inc. now owns 8,464 shares of the company’s stock worth $608,000 after buying an additional 2,475 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in Coca-Cola by 65.6% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,145 shares of the company’s stock worth $801,000 after acquiring an additional 4,415 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Coca-Cola during the 3rd quarter worth approximately $58,000. Fiduciary Alliance LLC grew its stake in shares of Coca-Cola by 35.6% during the 3rd quarter. Fiduciary Alliance LLC now owns 9,690 shares of the company’s stock worth $696,000 after acquiring an additional 2,542 shares in the last quarter. Finally, CX Institutional raised its holdings in shares of Coca-Cola by 13.4% in the third quarter. CX Institutional now owns 106,956 shares of the company’s stock valued at $7,686,000 after purchasing an additional 12,640 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KO. Barclays decreased their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Morgan Stanley lowered their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, January 8th. Finally, Truist Financial upped their price objective on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.19.

Coca-Cola Price Performance

Shares of KO opened at $67.61 on Wednesday. The company’s 50-day moving average is $62.55 and its 200-day moving average is $66.31. 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 firm 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 fifty-two week low of $57.93 and a fifty-two week high of $73.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. Equities analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola 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.