Wilmington Savings Fund Society FSB Increases Holdings in The Coca-Cola Company (NYSE:KO)

Wilmington Savings Fund Society FSB boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 2.4% during the 4th quarter, Holdings Channel reports. The firm owned 196,874 shares of the company’s stock after buying an additional 4,637 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Coca-Cola were worth $12,257,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts have issued reports on KO shares. Barclays decreased their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Truist Financial upped their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company lowered their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group upgraded 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 report on Thursday, January 30th. Finally, TD Cowen upgraded 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 note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average price target of $72.19.

Coca-Cola Price Performance

Shares of KO stock opened at $63.84 on Friday. The firm has a market capitalization of $275.03 billion, a price-to-earnings ratio of 26.38, a PEG 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’s 50-day simple moving average is $62.54 and its 200-day simple moving average is $66.32. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53.

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.