The Coca-Cola Company (NYSE:KO) Shares Sold by DT Investment Partners LLC

DT Investment Partners LLC reduced its stake in The Coca-Cola Company (NYSE:KO) by 23.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,610 shares of the company’s stock after selling 18,991 shares during the period. DT Investment Partners LLC’s holdings in Coca-Cola were worth $3,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in KO. Creative Planning lifted its stake in shares of Coca-Cola by 4.0% in the 3rd quarter. Creative Planning now owns 1,852,532 shares of the company’s stock worth $133,123,000 after acquiring an additional 70,604 shares during the period. McKinley Carter Wealth Services Inc. raised its holdings in shares of Coca-Cola by 24.0% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 10,094 shares of the company’s stock worth $725,000 after purchasing an additional 1,955 shares in the last quarter. Amplius Wealth Advisors LLC raised its holdings in shares of Coca-Cola by 7.8% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 9,049 shares of the company’s stock worth $650,000 after purchasing an additional 654 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Coca-Cola by 0.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 26,342 shares of the company’s stock worth $1,893,000 after purchasing an additional 179 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Coca-Cola by 1.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 113,071 shares of the company’s stock worth $8,125,000 after purchasing an additional 1,150 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Stock Up 1.1 %

Coca-Cola stock opened at $69.48 on Friday. The firm has a market cap of $299.28 billion, a PE ratio of 28.71, a P/E/G ratio of 3.55 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The firm’s 50 day moving average price is $62.76 and its two-hundred day moving average price is $66.33. 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 released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. On average, research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group boosted 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. Evercore ISI boosted their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company boosted their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. Piper Sandler dropped their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $73.82.

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.