The Coca-Cola Company (NYSE:KO) Shares Sold by Quadrant Private Wealth Management LLC

Quadrant Private Wealth Management LLC lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,811 shares of the company’s stock after selling 244 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in Coca-Cola were worth $486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank Pictet & Cie Europe AG boosted its stake in Coca-Cola by 12.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,072 shares during the last quarter. Blue Trust Inc. boosted its stake in Coca-Cola by 221.0% during the 4th quarter. Blue Trust Inc. now owns 966,554 shares of the company’s stock worth $60,178,000 after purchasing an additional 665,485 shares during the last quarter. Asset Planning Inc acquired a new stake in Coca-Cola during the 4th quarter worth $412,000. Banque Pictet & Cie SA boosted its stake in Coca-Cola by 0.9% during the 4th quarter. Banque Pictet & Cie SA now owns 114,363 shares of the company’s stock worth $7,120,000 after purchasing an additional 1,011 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in Coca-Cola by 13.7% during the 4th quarter. V Square Quantitative Management LLC now owns 84,912 shares of the company’s stock worth $5,287,000 after purchasing an additional 10,228 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group lifted their price target on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Thursday. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Two investment 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 stock. Based on data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Stock Down 0.9 %

Shares of NYSE:KO opened at $68.85 on Friday. 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 firm has a market capitalization of $296.59 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The firm’s 50-day moving average is $62.90 and its two-hundred day moving average is $66.36. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53.

Coca-Cola (NYSE:KO) last issued 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 22.45% and a return on equity of 44.01%. Analysts predict that The Coca-Cola Company will post 2.85 EPS for the current 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.