13,193 Shares in The Coca-Cola Company (NYSE:KO) Acquired by TigerOak Management L.L.C.

TigerOak Management L.L.C. acquired a new position in The Coca-Cola Company (NYSE:KO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,193 shares of the company’s stock, valued at approximately $821,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hara Capital LLC bought a new position in Coca-Cola in 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 worth approximately $36,000. MidAtlantic Capital Management Inc. bought a new position in Coca-Cola in the 3rd quarter worth approximately $43,000. Retirement Wealth Solutions LLC bought a new position in Coca-Cola in the 4th quarter worth approximately $37,000. Finally, MilWealth Group LLC acquired a new stake in Coca-Cola in the fourth quarter worth approximately $40,000. 70.26% of the stock is owned by institutional investors.

Coca-Cola Stock Performance

Shares of Coca-Cola stock opened at $68.85 on Friday. The stock has a market cap of $296.59 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The business has a fifty day simple moving average of $63.02 and a 200-day simple moving average of $66.37. The company has a quick ratio of 0.90, a current ratio of 1.06 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.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KO. Piper Sandler cut their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company upped their target price on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley upped their target price on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday. 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, Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.82.

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.