BayBridge Capital Group LLC Buys 999 Shares of The Coca-Cola Company (NYSE:KO)

BayBridge Capital Group LLC lifted its stake in The Coca-Cola Company (NYSE:KO) by 4.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 22,950 shares of the company’s stock after acquiring an additional 999 shares during the period. Coca-Cola comprises about 1.0% of BayBridge Capital Group LLC’s holdings, making the stock its 26th biggest position. BayBridge Capital Group LLC’s holdings in Coca-Cola were worth $1,429,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cidel Asset Management Inc. lifted its position in shares of Coca-Cola by 1.5% in the 4th quarter. Cidel Asset Management Inc. now owns 13,949 shares of the company’s stock worth $868,000 after acquiring an additional 201 shares during the period. Conning Inc. raised its stake in shares of Coca-Cola by 13.6% in the fourth quarter. Conning Inc. now owns 611,599 shares of the company’s stock valued at $38,078,000 after purchasing an additional 72,993 shares in the last quarter. Mainsail Financial Group LLC lifted its position in Coca-Cola by 2.1% in the fourth quarter. Mainsail Financial Group LLC now owns 13,770 shares of the company’s stock worth $857,000 after purchasing an additional 286 shares during the period. Northstar Group Inc. boosted its stake in Coca-Cola by 0.7% during the fourth quarter. Northstar Group Inc. now owns 35,260 shares of the company’s stock worth $2,195,000 after buying an additional 235 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings in Coca-Cola by 6.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 7,897 shares of the company’s stock valued at $492,000 after buying an additional 464 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Trading Up 0.8 %

Shares of NYSE KO opened at $63.84 on Friday. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. 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 company has a 50-day moving average of $62.54 and a two-hundred day moving average of $66.32. The company has a market cap of $275.03 billion, a PE ratio of 26.38, a P/E/G ratio of 3.56 and a beta of 0.61.

Analyst Ratings Changes

KO has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company lowered their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. 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 research report on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a research note on Thursday. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.19.

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.