Nicholson Wealth Management Group LLC Sells 904 Shares of The Coca-Cola Company (NYSE:KO)

Nicholson Wealth Management Group LLC decreased its stake in The Coca-Cola Company (NYSE:KO) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,918 shares of the company’s stock after selling 904 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Coca-Cola were worth $555,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in KO. Howard Capital Management Group LLC raised its position in Coca-Cola by 0.5% in the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after acquiring an additional 2,069 shares during the period. Wallington Asset Management LLC raised its position in shares of Coca-Cola by 46.3% in the third quarter. Wallington Asset Management LLC now owns 4,693 shares of the company’s stock valued at $337,000 after purchasing an additional 1,485 shares during the period. McAdam LLC raised its position in shares of Coca-Cola by 8.0% in the third quarter. McAdam LLC now owns 12,470 shares of the company’s stock valued at $896,000 after purchasing an additional 919 shares during the period. International Assets Investment Management LLC raised its position in shares of Coca-Cola by 7,792.8% in the third quarter. International Assets Investment Management LLC now owns 1,744,302 shares of the company’s stock valued at $125,346,000 after purchasing an additional 1,722,202 shares during the period. Finally, Patrick M Sweeney & Associates Inc. raised its position in shares of Coca-Cola by 8.7% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 8,979 shares of the company’s stock valued at $645,000 after purchasing an additional 717 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

KO stock opened at $70.03 on Friday. 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 one year low of $57.93 and a one year high of $73.53. The stock has a market cap of $301.69 billion, a PE ratio of 28.35, a P/E/G ratio of 3.79 and a beta of 0.61. The firm has a 50 day simple moving average of $63.54 and a two-hundred day simple moving average of $66.41.

Coca-Cola (NYSE:KO) last released its quarterly 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 net margin of 22.59% and a return on equity of 45.37%. On average, analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KO. JPMorgan Chase & Co. lowered their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. Barclays boosted their price target 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. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their price target for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Finally, Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted 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 issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.82.

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.