Aveo Capital Partners LLC Sells 681 Shares of The Coca-Cola Company (NYSE:KO)

Aveo Capital Partners LLC reduced its position in The Coca-Cola Company (NYSE:KO) by 8.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,293 shares of the company’s stock after selling 681 shares during the period. Aveo Capital Partners LLC’s holdings in Coca-Cola were worth $454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empire Life Investments Inc. purchased a new position in Coca-Cola during the 4th quarter valued at about $2,706,000. BXM Wealth LLC purchased a new position in Coca-Cola during the 4th quarter valued at about $211,000. PUREfi Wealth LLC purchased a new position in Coca-Cola during the 4th quarter valued at about $274,000. Bank Pictet & Cie Europe AG grew its holdings in Coca-Cola by 12.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company’s stock valued at $1,189,000 after buying an additional 2,072 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Coca-Cola by 221.0% during the 4th quarter. Blue Trust Inc. now owns 966,554 shares of the company’s stock valued at $60,178,000 after buying an additional 665,485 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KO has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. Barclays boosted their price objective on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday. UBS Group boosted their price objective on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley boosted their price objective on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Stock Performance

NYSE:KO opened at $68.85 on Friday. The firm 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 Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. 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 business has a 50 day moving average price of $63.02 and a 200-day moving average price of $66.37.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share 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%. Equities research analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current year.

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.