Private Advisor Group LLC Increases Stake in The Coca-Cola Company (NYSE:KO)

Private Advisor Group LLC raised its holdings in The Coca-Cola Company (NYSE:KO) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 348,110 shares of the company’s stock after buying an additional 12,172 shares during the period. Private Advisor Group LLC’s holdings in Coca-Cola were worth $21,673,000 as of its most recent SEC filing.

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

Coca-Cola Price Performance

Shares of NYSE:KO opened at $70.11 on Thursday. 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 Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a 50-day simple moving average of $63.42 and a 200-day simple moving average of $66.39. The stock has a market capitalization of $302.00 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 3.73 and a beta of 0.61.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. On average, analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KO. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Morgan Stanley lifted their price target on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. UBS Group increased their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Wells Fargo & Company boosted their target price on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, Barclays upped their price target on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a report 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. Based on data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $73.82.

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.