The Coca-Cola Company (NYSE:KO) Shares Sold by Beacon Capital Management LLC

Beacon Capital Management LLC reduced its stake in The Coca-Cola Company (NYSE:KO) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,406 shares of the company’s stock after selling 367 shares during the quarter. Beacon Capital Management LLC’s holdings in Coca-Cola were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KO. TigerOak Management L.L.C. purchased a new position in shares of Coca-Cola during the fourth quarter worth $821,000. Congress Asset Management Co. acquired a new position in Coca-Cola during the 4th quarter worth about $1,304,000. Roxbury Financial LLC purchased a new position in Coca-Cola during the 4th quarter valued at about $999,000. Empire Life Investments Inc. acquired a new position in Coca-Cola in the 4th quarter valued at about $2,706,000. Finally, BXM Wealth LLC purchased a new stake in Coca-Cola during the fourth quarter worth about $211,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on KO shares. Evercore ISI raised their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Cowen 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 research report on Wednesday, January 8th. UBS Group increased their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays boosted their target price on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Two 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. Based on data from MarketBeat.com, Coca-Cola currently has a consensus 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 Friday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a market capitalization 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 current ratio of 1.06 and a quick ratio of 0.90. The firm’s fifty day moving average price is $63.02 and its 200 day moving average price is $66.37.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 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%. On average, sell-side analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

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.