Capital Advisory Group Advisory Services LLC Acquires 4,527 Shares of The Coca-Cola Company (NYSE:KO)

Capital Advisory Group Advisory Services LLC increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 37.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,731 shares of the company’s stock after buying an additional 4,527 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Coca-Cola were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

KO has been the subject of a number of research reports. Evercore ISI boosted their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. UBS Group boosted their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. 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, February 13th. Finally, 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. Two 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.82.

Coca-Cola Price Performance

Shares of Coca-Cola stock opened at $70.03 on Friday. The stock has a market capitalization of $301.69 billion, a P/E ratio of 28.35, a PEG ratio of 3.79 and a beta of 0.61. The business has a 50 day simple moving average of $63.54 and a two-hundred day simple moving average of $66.41. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

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