Community Financial Services Group LLC Has $200,000 Position in The Coca-Cola Company (NYSE:KO)

Community Financial Services Group LLC trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 22.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,220 shares of the company’s stock after selling 954 shares during the period. Community Financial Services Group LLC’s holdings in Coca-Cola were worth $200,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KO. FMR LLC boosted its position in Coca-Cola by 13.7% during the third quarter. FMR LLC now owns 92,961,376 shares of the company’s stock valued at $6,680,205,000 after purchasing an additional 11,206,995 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Coca-Cola by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company’s stock worth $6,664,005,000 after purchasing an additional 2,966,964 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Coca-Cola by 14.5% in the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company’s stock valued at $2,271,885,000 after buying an additional 4,013,996 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Coca-Cola by 6.1% in the third quarter. Franklin Resources Inc. now owns 27,984,953 shares of the company’s stock valued at $1,990,407,000 after buying an additional 1,609,565 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Coca-Cola by 1.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,959,522 shares of the company’s stock worth $744,600,000 after buying an additional 166,199 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on KO shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. UBS Group dropped their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Finally, Piper Sandler reduced their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Two 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

Coca-Cola Stock Performance

NYSE KO opened at $67.61 on Wednesday. The firm’s 50 day simple moving average is $62.55 and its 200 day simple moving average is $66.31. The firm has a market capitalization of $291.27 billion, a price-to-earnings ratio of 27.94, a P/E/G 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 Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53.

Coca-Cola (NYSE:KO) last posted its 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 net margin of 22.45% and a return on equity of 44.01%. As a group, research analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal 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.