Sheaff Brock Investment Advisors LLC Has $3.57 Million Holdings in The Coca-Cola Company (NYSE:KO)

Sheaff Brock Investment Advisors LLC decreased its stake in The Coca-Cola Company (NYSE:KO) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,310 shares of the company’s stock after selling 58,904 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Coca-Cola were worth $3,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hara Capital LLC acquired a new position in shares of Coca-Cola in the 3rd quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola in the third quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Coca-Cola in the fourth quarter worth about $37,000. MilWealth Group LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Coca-Cola during the 3rd quarter valued at about $43,000. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on KO. UBS Group raised their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. DZ Bank raised 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 report on Thursday. Wells Fargo & Company increased their target price on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays boosted their price target on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.82.

Coca-Cola Price Performance

Shares of NYSE KO opened at $68.85 on Friday. 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 business’s 50 day moving average price is $63.02 and its two-hundred day moving average price is $66.37. The company has a market cap of $296.59 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping 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%. On average, analysts predict that The Coca-Cola Company will post 2.85 EPS 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.