Morningstar Investment Management LLC Has $736,000 Stock Position in The Coca-Cola Company (NYSE:KO)

Morningstar Investment Management LLC boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,825 shares of the company’s stock after purchasing an additional 805 shares during the period. Morningstar Investment Management LLC’s holdings in Coca-Cola were worth $736,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of KO. Hara Capital LLC acquired a new stake in shares of Coca-Cola in the 3rd quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola in the 3rd quarter valued at about $36,000. MidAtlantic Capital Management Inc. bought a new position in shares of Coca-Cola in the 3rd quarter valued at about $43,000. Retirement Wealth Solutions LLC acquired a new position in shares of Coca-Cola during the 4th quarter worth about $37,000. Finally, MilWealth Group LLC acquired a new stake in Coca-Cola in the 4th quarter valued at about $40,000. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Performance

NYSE:KO opened at $70.11 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $302.00 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 3.74 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. The stock’s 50-day simple moving average is $63.42 and its 200 day simple moving average is $66.39.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. On average, analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent analyst reports. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the company from $69.00 to $75.00 in a report on Thursday, January 30th. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Thursday, February 13th. Piper Sandler cut their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, UBS Group raised their price objective on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus price target of $73.82.

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.