Boston Financial Mangement LLC Raises Holdings in The Coca-Cola Company (NYSE:KO)

Boston Financial Mangement LLC increased its position in The Coca-Cola Company (NYSE:KO) by 7.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 43,447 shares of the company’s stock after purchasing an additional 2,895 shares during the period. Boston Financial Mangement LLC’s holdings in Coca-Cola were worth $2,705,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KO. Wells Fargo & Company upped 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. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Morgan Stanley lifted their price target on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, DZ Bank upgraded 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 Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Price Performance

KO opened at $70.11 on Thursday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The company’s 50 day simple moving average is $63.42 and its 200 day simple moving average is $66.39. The stock has a market capitalization of $302.00 billion, a PE ratio of 28.38, a P/E/G ratio of 3.73 and a beta of 0.61.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.96 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.