Stephens Inc. AR Raises Holdings in The Coca-Cola Company (NYSE:KO)

Stephens Inc. AR lifted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 428,003 shares of the company’s stock after acquiring an additional 18,878 shares during the period. Stephens Inc. AR’s holdings in Coca-Cola were worth $26,647,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KO. Investment Advisory Group LLC lifted its position in Coca-Cola by 4.5% during the third quarter. Investment Advisory Group LLC now owns 3,378 shares of the company’s stock worth $243,000 after buying an additional 146 shares during the period. CCG Wealth Management LLC lifted its position in Coca-Cola by 4.3% during the third quarter. CCG Wealth Management LLC now owns 3,614 shares of the company’s stock worth $260,000 after buying an additional 149 shares during the period. Investment Partners Asset Management Inc. lifted its position in Coca-Cola by 2.2% during the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company’s stock worth $500,000 after buying an additional 150 shares during the period. Blossom Wealth Management lifted its position in Coca-Cola by 3.3% during the third quarter. Blossom Wealth Management now owns 4,890 shares of the company’s stock worth $351,000 after buying an additional 155 shares during the period. Finally, Strategic Investment Solutions Inc. IL lifted its position in Coca-Cola by 1.6% during the third quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company’s stock worth $718,000 after buying an additional 159 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.8 %

NYSE:KO opened at $63.84 on Friday. 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 business’s 50 day moving average is $62.53 and its two-hundred day moving average is $66.31. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The company has a market cap of $275.03 billion, a PE ratio of 26.38, a P/E/G ratio of 3.55 and a beta of 0.61.

Analysts Set New Price Targets

A number of research firms have recently commented on KO. UBS Group cut their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Truist Financial raised their price objective on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 price objective on shares of Coca-Cola in a report on Thursday. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, Morgan Stanley cut their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus target price of $72.19.

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.