Cordatus Wealth Management LLC Raises Stock Holdings in The Coca-Cola Company (NYSE:KO)

Cordatus Wealth Management LLC boosted its holdings in The Coca-Cola Company (NYSE:KO) by 5.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,333 shares of the company’s stock after acquiring an additional 970 shares during the period. Cordatus Wealth Management LLC’s holdings in Coca-Cola were worth $1,079,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Hara Capital LLC purchased a new stake in shares of Coca-Cola during the 3rd quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Coca-Cola during the 3rd quarter valued at about $36,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Coca-Cola during the 3rd quarter valued at about $43,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at about $37,000. Finally, MilWealth Group LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Down 0.1 %

KO opened at $70.03 on Friday. The company has a market capitalization of $301.69 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The firm has a 50-day simple moving average of $63.54 and a two-hundred day simple moving average of $66.41. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.

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

Analysts Set New Price Targets

Several research firms have recently commented on KO. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Wells Fargo & Company upped their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI raised their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.82.

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.