Leo Wealth LLC Increases Stock Holdings in The Coca-Cola Company (NYSE:KO)

Leo Wealth LLC boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 74.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,769 shares of the company’s stock after buying an additional 13,529 shares during the quarter. Leo Wealth LLC’s holdings in Coca-Cola were worth $1,978,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hara Capital LLC bought a new stake in shares of Coca-Cola during the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Coca-Cola in the 3rd quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola in the fourth quarter worth $37,000. MilWealth Group LLC bought a new stake in shares of Coca-Cola during the fourth quarter worth $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Coca-Cola during the third quarter valued at $43,000. 70.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KO has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Truist Financial lifted their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays lowered their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Morgan Stanley decreased their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, Piper Sandler lowered their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.19.

Coca-Cola Stock Up 0.4 %

NYSE:KO opened at $63.37 on Friday. The company’s 50-day simple moving average is $62.56 and its 200-day simple moving average is $66.34. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The stock has a market capitalization of $272.96 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.56 and a beta of 0.61.

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.