Retirement Guys Formula LLC Boosts Holdings in The Coca-Cola Company (NYSE:KO)

Retirement Guys Formula LLC raised its holdings in shares of The Coca-Cola Company (NYSE:KO) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,816 shares of the company’s stock after purchasing an additional 1,354 shares during the period. Retirement Guys Formula LLC’s holdings in Coca-Cola were worth $922,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. 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 grew its holdings in shares of Coca-Cola by 65.6% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,145 shares of the company’s stock worth $801,000 after buying an additional 4,415 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Coca-Cola during the third quarter worth about $58,000. Fiduciary Alliance LLC grew its holdings in shares of Coca-Cola by 35.6% during the third quarter. Fiduciary Alliance LLC now owns 9,690 shares of the company’s stock worth $696,000 after buying an additional 2,542 shares in the last quarter. Finally, CX Institutional grew its holdings in shares of Coca-Cola by 13.4% during the third quarter. CX Institutional now owns 106,956 shares of the company’s stock worth $7,686,000 after buying an additional 12,640 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Trading Up 4.7 %

KO opened at $67.61 on Wednesday. The stock has a market capitalization of $291.27 billion, a PE ratio of 27.94, a P/E/G ratio of 3.55 and a beta of 0.61. The firm’s fifty day moving average price is $62.55 and its 200 day moving average price 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 Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) 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%. As a group, research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KO shares. Morgan Stanley lowered their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered 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 28th. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. Wells Fargo & Company lowered 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. Finally, TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, January 8th. Two equities research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.19.

About Coca-Cola

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.