Guyasuta Investment Advisors Inc. Lowers Stock Position in The Coca-Cola Company (NYSE:KO)

Guyasuta Investment Advisors Inc. lowered its position in The Coca-Cola Company (NYSE:KO) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 135,693 shares of the company’s stock after selling 180 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Coca-Cola were worth $8,448,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Empire Life Investments Inc. bought a new position in Coca-Cola during the fourth quarter valued at about $2,706,000. BXM Wealth LLC bought a new position in Coca-Cola during the fourth quarter worth about $211,000. PUREfi Wealth LLC bought a new position in Coca-Cola during the fourth quarter worth about $274,000. Bank Pictet & Cie Europe AG boosted its position in Coca-Cola by 12.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,072 shares during the period. Finally, Blue Trust Inc. boosted its position in Coca-Cola by 221.0% during the fourth quarter. Blue Trust Inc. now owns 966,554 shares of the company’s stock worth $60,178,000 after purchasing an additional 665,485 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Performance

NYSE:KO opened at $68.85 on Friday. The stock has a market cap of $296.59 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The firm’s fifty day simple moving average is $62.90 and its 200 day simple moving average is $66.36. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last announced its 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 net margin of 22.45% and a return on equity of 44.01%. As a group, research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KO. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Barclays increased their price target on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $73.82.

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.