Physicians Financial Services Inc. Purchases 826 Shares of The Coca-Cola Company (NYSE:KO)

Physicians Financial Services Inc. boosted its position in The Coca-Cola Company (NYSE:KO) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 62,024 shares of the company’s stock after purchasing an additional 826 shares during the quarter. Coca-Cola comprises approximately 1.2% of Physicians Financial Services Inc.’s portfolio, making the stock its 22nd largest holding. Physicians Financial Services Inc.’s holdings in Coca-Cola were worth $3,862,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in Coca-Cola by 13.7% in the 3rd quarter. FMR LLC now owns 92,961,376 shares of the company’s stock valued at $6,680,205,000 after buying an additional 11,206,995 shares during the last quarter. Wellington Management Group LLP grew its stake in Coca-Cola by 14.5% in the third quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company’s stock valued at $2,271,885,000 after purchasing an additional 4,013,996 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Coca-Cola in the third quarter valued at $269,382,000. Geode Capital Management LLC raised its holdings in shares of Coca-Cola by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company’s stock valued at $6,664,005,000 after purchasing an additional 2,966,964 shares during the period. Finally, Pathway Financial Advisers LLC raised its stake in Coca-Cola by 7,006.8% in the third quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company’s stock valued at $178,104,000 after buying an additional 2,443,612 shares during the period. 70.26% of the stock is owned by institutional investors.

Coca-Cola Trading Down 0.1 %

Shares of KO stock opened at $70.03 on Friday. The stock has a market capitalization of $301.69 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 3.79 and a beta of 0.61. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year 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. The company’s fifty day simple moving average is $63.54 and its two-hundred day simple moving average is $66.41.

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, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. As a group, analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Wells Fargo & Company raised their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Barclays lifted their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Piper Sandler reduced their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Morgan Stanley increased 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, February 12th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.