J.W. Cole Advisors Inc. Raises Stock Holdings in The Coca-Cola Company (NYSE:KO)

J.W. Cole Advisors Inc. lifted its holdings in The Coca-Cola Company (NYSE:KO) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,306 shares of the company’s stock after acquiring an additional 1,143 shares during the period. J.W. Cole Advisors Inc.’s holdings in Coca-Cola were worth $5,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KO. Hara Capital LLC bought a new position in shares of Coca-Cola in the third quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Coca-Cola during the third quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Coca-Cola during the fourth quarter valued at approximately $37,000. MilWealth Group LLC bought a new position in Coca-Cola during the fourth quarter valued at approximately $40,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Coca-Cola during the third quarter valued at approximately $43,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading 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 quick ratio of 0.90 and a current ratio of 1.06. The business’s 50 day moving average price is $63.02 and its 200-day moving average price is $66.37. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a market cap of $296.59 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 3.55 and a beta of 0.61.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KO shares. UBS Group increased their price target on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Royal Bank of Canada reissued an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. Evercore ISI increased their price target on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. 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. According to MarketBeat.com, the company 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.