Fairvoy Private Wealth LLC Buys New Holdings in The Coca-Cola Company (NYSE:KO)

Fairvoy Private Wealth LLC bought a new stake in shares of The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 52,254 shares of the company’s stock, valued at approximately $3,253,000.

Several other institutional investors also recently bought and sold shares of the stock. Keystone Financial Group Inc. purchased a new stake in Coca-Cola during the 4th quarter valued at about $394,000. Ameliora Wealth Management Ltd. bought a new position in Coca-Cola during the 4th quarter valued at approximately $107,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Coca-Cola by 3.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 712,222 shares of the company’s stock valued at $44,343,000 after purchasing an additional 20,763 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Coca-Cola by 1.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,959,522 shares of the company’s stock valued at $744,600,000 after purchasing an additional 166,199 shares during the last quarter. Finally, American Financial & Tax Strategies Inc. raised its position in Coca-Cola by 3.4% during the 4th quarter. American Financial & Tax Strategies Inc. now owns 6,477 shares of the company’s stock valued at $403,000 after purchasing an additional 212 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Performance

Shares of KO opened at $63.37 on Friday. The business’s fifty day simple moving average is $62.56 and its two-hundred day simple moving average is $66.34. 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 12 month low of $57.93 and a 12 month high of $73.53. The company has a market cap of $272.96 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.56 and a beta of 0.61.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. TD Cowen raised 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 Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Truist Financial increased their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and increased their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Finally, 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. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.