The Coca-Cola Company (NYSE:KO) Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,986 shares of the company’s stock after selling 1,077 shares during the period. Principle Wealth Partners LLC’s holdings in Coca-Cola were worth $5,291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Coca-Cola by 5.9% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 69,261 shares of the company’s stock valued at $4,312,000 after buying an additional 3,841 shares in the last quarter. Soltis Investment Advisors LLC lifted its position in Coca-Cola by 2.5% in the fourth quarter. Soltis Investment Advisors LLC now owns 99,975 shares of the company’s stock valued at $6,224,000 after acquiring an additional 2,409 shares during the last quarter. Quilter Plc boosted its stake in Coca-Cola by 4.7% in the fourth quarter. Quilter Plc now owns 1,466,591 shares of the company’s stock valued at $91,310,000 after acquiring an additional 65,482 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Coca-Cola during the fourth quarter worth about $119,000. Finally, MBA Advisors LLC increased its position in shares of Coca-Cola by 7.4% during the fourth quarter. MBA Advisors LLC now owns 12,300 shares of the company’s stock worth $766,000 after purchasing an additional 845 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Trading Up 1.2 %

Shares of KO stock opened at $64.58 on Tuesday. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year 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 200 day moving average price is $66.32. The firm has a market capitalization of $278.18 billion, a PE ratio of 26.68, a P/E/G ratio of 3.55 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KO shares. Wells Fargo & Company decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. UBS Group lowered their price objective on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.19.

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.