Wealth Quarterback LLC Has $1.10 Million Stake in The Coca-Cola Company (NYSE:KO)

Wealth Quarterback LLC reduced its stake in The Coca-Cola Company (NYSE:KO) by 10.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,668 shares of the company’s stock after selling 2,056 shares during the quarter. Wealth Quarterback LLC’s holdings in Coca-Cola were worth $1,100,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its holdings in Coca-Cola by 3.1% during the fourth quarter. CIBC Asset Management Inc now owns 877,513 shares of the company’s stock valued at $54,617,000 after acquiring an additional 26,711 shares during the period. Pittenger & Anderson Inc. increased its stake in Coca-Cola by 0.3% in the fourth quarter. Pittenger & Anderson Inc. now owns 61,920 shares of the company’s stock valued at $3,855,000 after acquiring an additional 185 shares during the period. Sanctuary Advisors LLC lifted its stake in Coca-Cola by 1.8% during the fourth quarter. Sanctuary Advisors LLC now owns 540,277 shares of the company’s stock worth $34,605,000 after purchasing an additional 9,324 shares during the period. KLCM Advisors Inc. boosted its holdings in Coca-Cola by 42.4% during the fourth quarter. KLCM Advisors Inc. now owns 9,092 shares of the company’s stock valued at $566,000 after purchasing an additional 2,705 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Coca-Cola by 128.3% in the 4th quarter. Catalyst Capital Advisors LLC now owns 6,168 shares of the company’s stock valued at $384,000 after purchasing an additional 3,466 shares during the period. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on KO shares. JPMorgan Chase & Co. decreased their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $73.82.

Coca-Cola Trading Down 0.9 %

NYSE KO opened at $68.85 on Monday. 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 stock’s 50-day moving average is $63.02 and its 200-day moving average is $66.36. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The firm has a market cap of $296.59 billion, a P/E ratio of 28.45, a P/E/G ratio of 3.55 and a beta of 0.61.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal 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.