The Coca-Cola Company (NYSE:KO) Shares Sold by VeraBank N.A.

VeraBank N.A. reduced its position in The Coca-Cola Company (NYSE:KO) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,424 shares of the company’s stock after selling 186 shares during the quarter. VeraBank N.A.’s holdings in Coca-Cola were worth $1,272,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KO. MN Wealth Advisors LLC raised its holdings in shares of Coca-Cola by 83.2% during the 4th quarter. MN Wealth Advisors LLC now owns 17,476 shares of the company’s stock worth $1,088,000 after acquiring an additional 7,939 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Coca-Cola during the 4th quarter worth approximately $219,000. Allworth Financial LP boosted its position in shares of Coca-Cola by 14.7% during the fourth quarter. Allworth Financial LP now owns 525,859 shares of the company’s stock worth $32,488,000 after buying an additional 67,342 shares during the period. Principal Securities Inc. grew its position in Coca-Cola by 4.0% in the 4th quarter. Principal Securities Inc. now owns 106,126 shares of the company’s stock valued at $6,607,000 after acquiring an additional 4,121 shares in the last quarter. Finally, Little House Capital LLC grew its holdings in shares of Coca-Cola by 32.5% in the fourth quarter. Little House Capital LLC now owns 20,907 shares of the company’s stock valued at $1,302,000 after purchasing an additional 5,129 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KO shares. Morgan Stanley upped their price target on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays boosted their price target on shares of Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday. Evercore ISI increased their price objective on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Finally, 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 note on Thursday. Two equities research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.82.

Coca-Cola Stock Performance

NYSE:KO opened at $68.85 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a market capitalization of $296.59 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The firm has a 50-day moving average price of $63.02 and a two-hundred day moving average price of $66.37.

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

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.