Freedom Day Solutions LLC Has $854,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Freedom Day Solutions LLC lessened its stake in The Coca-Cola Company (NYSE:KO) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,719 shares of the company’s stock after selling 510 shares during the quarter. Freedom Day Solutions LLC’s holdings in Coca-Cola were worth $854,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KO. Howard Capital Management Group LLC increased its stake in Coca-Cola by 0.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock valued at $28,716,000 after buying an additional 2,069 shares during the period. Foundations Investment Advisors LLC increased its stake in Coca-Cola by 12.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 54,246 shares of the company’s stock valued at $3,898,000 after buying an additional 6,089 shares during the period. Calton & Associates Inc. acquired a new position in Coca-Cola in the 3rd quarter valued at approximately $407,000. Sequoia Financial Advisors LLC increased its stake in Coca-Cola by 35.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 143,561 shares of the company’s stock valued at $10,319,000 after buying an additional 37,632 shares during the period. Finally, BLB&B Advisors LLC increased its stake in shares of Coca-Cola by 38.3% during the 3rd quarter. BLB&B Advisors LLC now owns 50,921 shares of the company’s stock worth $3,659,000 after purchasing an additional 14,110 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Performance

NYSE KO opened at $70.11 on Thursday. 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 firm has a market capitalization of $302.00 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 3.73 and a beta of 0.61. The company’s fifty day moving average is $63.42 and its two-hundred day moving average is $66.39. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53.

Coca-Cola (NYSE:KO) last issued its earnings results 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 22.59% and a return on equity of 45.37%. Equities research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on KO. Wells Fargo & Company increased their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. UBS Group increased their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Evercore ISI increased their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.