Gladstone Institutional Advisory LLC Has $4.60 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Gladstone Institutional Advisory LLC lessened its position in The Coca-Cola Company (NYSE:KO) by 5.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 73,946 shares of the company’s stock after selling 4,673 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Coca-Cola were worth $4,604,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. boosted its position in shares of Coca-Cola by 41.3% during the third quarter. Redhawk Wealth Advisors Inc. now owns 8,464 shares of the company’s stock valued at $608,000 after buying an additional 2,475 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Coca-Cola by 65.6% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,145 shares of the company’s stock worth $801,000 after purchasing an additional 4,415 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in Coca-Cola in the 3rd quarter worth about $58,000. Fiduciary Alliance LLC increased its stake in Coca-Cola by 35.6% in the 3rd quarter. Fiduciary Alliance LLC now owns 9,690 shares of the company’s stock valued at $696,000 after buying an additional 2,542 shares during the last quarter. Finally, CX Institutional lifted its position in shares of Coca-Cola by 13.4% during the 3rd quarter. CX Institutional now owns 106,956 shares of the company’s stock worth $7,686,000 after buying an additional 12,640 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KO. Truist Financial upped their target price on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Barclays cut their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $72.19.

Coca-Cola Stock Up 4.7 %

NYSE KO opened at $67.61 on Wednesday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The stock has a market capitalization of $291.27 billion, a PE ratio of 27.94, a PEG ratio of 3.55 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The business’s 50-day moving average is $62.55 and its 200 day moving average is $66.31.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Sell-side analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current year.

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.