The Coca-Cola Company (NYSE:KO) Shares Sold by ING Groep NV

ING Groep NV reduced its stake in The Coca-Cola Company (NYSE:KO) by 10.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 663,157 shares of the company’s stock after selling 75,076 shares during the quarter. ING Groep NV’s holdings in Coca-Cola were worth $41,288,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hara Capital LLC purchased a new stake in Coca-Cola during the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Coca-Cola during the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola during the 4th quarter worth approximately $37,000. MilWealth Group LLC purchased a new stake in Coca-Cola during the 4th quarter worth approximately $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Coca-Cola in the 3rd quarter valued at approximately $43,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Stock Up 1.5 %

Shares of NYSE:KO opened at $70.11 on Thursday. The stock has a market cap of $302.00 billion, a P/E ratio of 28.38, a P/E/G ratio of 3.74 and a beta of 0.61. The firm has a fifty day moving average price of $63.42 and a 200 day moving average price of $66.39. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53.

Coca-Cola (NYSE:KO) last released its earnings results 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 22.59% and a return on equity of 45.37%. Sell-side analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Analysts Set New Price Targets

KO has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. UBS Group increased their price objective 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. Barclays increased their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price objective on shares of Coca-Cola in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

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.