TFB Advisors LLC Has $444,000 Position in The Coca-Cola Company (NYSE:KO)

TFB Advisors LLC trimmed its position in The Coca-Cola Company (NYSE:KO) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,132 shares of the company’s stock after selling 311 shares during the quarter. TFB Advisors LLC’s holdings in Coca-Cola were worth $444,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Hara Capital LLC acquired a new position in shares of Coca-Cola in the third quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Coca-Cola in the 3rd quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola in the 4th quarter valued at about $37,000. MilWealth Group LLC acquired a new position in shares of Coca-Cola during the 4th quarter worth approximately $40,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Coca-Cola during the third quarter worth approximately $43,000. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of several recent research reports. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, January 8th. Barclays cut their target price on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley raised their price target on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Finally, Evercore ISI raised their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $73.31.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $68.73 on Thursday. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The company has a market cap of $296.08 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 3.55 and a beta of 0.61. The firm has a 50 day simple moving average of $62.63 and a 200 day simple moving average of $66.32.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Research analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola 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.