Citizens & Northern Corp Acquires 636 Shares of The Coca-Cola Company (NYSE:KO)

Citizens & Northern Corp increased its holdings in The Coca-Cola Company (NYSE:KO) by 2.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,429 shares of the company’s stock after purchasing an additional 636 shares during the period. Citizens & Northern Corp’s holdings in Coca-Cola were worth $1,521,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Hara Capital LLC purchased a new position in shares of Coca-Cola during the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Coca-Cola in the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola during the 4th quarter valued at $37,000. MilWealth Group LLC bought a new position in shares of Coca-Cola during the 4th quarter valued at $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Coca-Cola in the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on KO. UBS Group upped their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. DZ Bank upgraded shares of 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 Thursday, February 13th. Piper Sandler cut their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Morgan Stanley raised their target price on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Price Performance

Shares of Coca-Cola stock opened at $68.85 on Tuesday. The stock has a market cap of $296.59 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. 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 stock has a 50 day moving average price of $63.02 and a 200-day moving average price of $66.36. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data 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 net margin of 22.45% and a return on equity of 44.01%. Equities analysts expect that The Coca-Cola Company will post 2.85 EPS 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.