Newbridge Financial Services Group Inc. Buys 10,240 Shares of The Coca-Cola Company (NYSE:KO)

Newbridge Financial Services Group Inc. increased its position in shares of The Coca-Cola Company (NYSE:KO) by 62.2% during the 4th quarter, Holdings Channel reports. The fund owned 26,708 shares of the company’s stock after buying an additional 10,240 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Coca-Cola were worth $1,663,000 at the end of the most recent quarter.

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

Coca-Cola Trading Up 0.8 %

Shares of Coca-Cola stock opened at $63.84 on Friday. The firm has a market capitalization of $275.03 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. 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 firm’s 50 day moving average is $62.53 and its 200 day moving average is $66.31. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KO. Barclays reduced their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of 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. Wells Fargo & Company reduced their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Finally, TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target 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.