Bryn Mawr Capital Management LLC Increases Position in The Coca-Cola Company (NYSE:KO)

Bryn Mawr Capital Management LLC boosted its position in The Coca-Cola Company (NYSE:KO) by 123.7% in the 4th quarter, Holdings Channel reports. The fund owned 236,525 shares of the company’s stock after purchasing an additional 130,772 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Coca-Cola were worth $14,726,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KO. Private Advisor Group LLC increased its stake in Coca-Cola by 3.6% in the fourth quarter. Private Advisor Group LLC now owns 348,110 shares of the company’s stock valued at $21,673,000 after purchasing an additional 12,172 shares during the last quarter. Financial Perspectives Inc grew its holdings in Coca-Cola by 25.7% in the 4th quarter. Financial Perspectives Inc now owns 1,813 shares of the company’s stock valued at $113,000 after buying an additional 371 shares during the period. Alberta Investment Management Corp increased its stake in shares of Coca-Cola by 1,188.4% during the 4th quarter. Alberta Investment Management Corp now owns 143,015 shares of the company’s stock valued at $8,904,000 after acquiring an additional 131,915 shares during the last quarter. Summit Place Financial Advisors LLC lifted its holdings in shares of Coca-Cola by 3.0% during the 4th quarter. Summit Place Financial Advisors LLC now owns 22,610 shares of the company’s stock worth $1,408,000 after acquiring an additional 658 shares during the period. Finally, Strata Wealth Advisors LLC boosted its position in shares of Coca-Cola by 2.9% in the fourth quarter. Strata Wealth Advisors LLC now owns 8,758 shares of the company’s stock worth $545,000 after acquiring an additional 246 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Up 1.5 %

Shares of NYSE KO opened at $70.11 on Thursday. The firm has a market cap of $302.00 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 3.73 and a beta of 0.61. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. 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 stock’s 50-day simple moving average is $63.42 and its 200-day simple moving average is $66.39.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (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%. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Thursday, February 13th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Barclays boosted their price target on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, TD Cowen upgraded 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 investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.