Ferguson Wellman Capital Management Inc. Has $1.64 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Ferguson Wellman Capital Management Inc. lifted its holdings in The Coca-Cola Company (NYSE:KO) by 4.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,379 shares of the company’s stock after purchasing an additional 1,104 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Coca-Cola were worth $1,642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KO. Elevate Capital Advisors LLC acquired a new position in Coca-Cola during the 4th quarter worth approximately $1,516,000. Savant Capital LLC boosted its position in Coca-Cola by 1.7% during the 4th quarter. Savant Capital LLC now owns 587,191 shares of the company’s stock worth $36,559,000 after acquiring an additional 9,794 shares during the last quarter. MFA Wealth Advisors LLC boosted its position in Coca-Cola by 9.2% during the 4th quarter. MFA Wealth Advisors LLC now owns 34,368 shares of the company’s stock worth $2,140,000 after acquiring an additional 2,906 shares during the last quarter. Angeles Wealth Management LLC boosted its position in Coca-Cola by 11.3% during the 4th quarter. Angeles Wealth Management LLC now owns 15,275 shares of the company’s stock worth $951,000 after acquiring an additional 1,556 shares during the last quarter. Finally, Compass Financial Services Inc acquired a new position in Coca-Cola during the 4th quarter worth approximately $153,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of analyst reports. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. TD Cowen upgraded 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. Barclays dropped their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Morgan Stanley dropped their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $72.19.

Coca-Cola Stock Up 1.2 %

KO stock opened at $64.58 on Tuesday. The stock has a market capitalization of $278.18 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. 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 business’s fifty day moving average price is $62.53 and its two-hundred day moving average price is $66.32.

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.