Kanawha Capital Management LLC Sells 434 Shares of The Coca-Cola Company (NYSE:KO)

Kanawha Capital Management LLC reduced its stake in The Coca-Cola Company (NYSE:KO) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,001 shares of the company’s stock after selling 434 shares during the period. Kanawha Capital Management LLC’s holdings in Coca-Cola were worth $11,269,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Hara Capital LLC purchased a new position in shares of Coca-Cola during the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola during the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $37,000. MilWealth Group LLC acquired a new stake in Coca-Cola during the 4th quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in Coca-Cola during the 3rd quarter worth approximately $43,000. 70.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KO shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. Morgan Stanley raised their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Finally, UBS Group lifted their price target on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Two investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Stock Up 1.1 %

Shares of Coca-Cola stock opened at $69.48 on Friday. The stock’s fifty day moving average is $62.76 and its 200-day moving average is $66.33. The firm has a market capitalization of $299.28 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Equities analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

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.