Ferguson Wellman Capital Management Inc. Has $1.64 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Ferguson Wellman Capital Management Inc. grew its position in The Coca-Cola Company (NYSE:KO) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,379 shares of the company’s stock after purchasing an additional 1,104 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Coca-Cola were worth $1,642,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Annex Advisory Services LLC raised its holdings in shares of Coca-Cola by 11.3% in the third quarter. Annex Advisory Services LLC now owns 7,558 shares of the company’s stock valued at $543,000 after buying an additional 769 shares during the last quarter. Carnegie Investment Counsel raised its holdings in shares of Coca-Cola by 0.9% in the third quarter. Carnegie Investment Counsel now owns 82,488 shares of the company’s stock valued at $5,927,000 after buying an additional 761 shares during the last quarter. Rise Advisors LLC raised its holdings in shares of Coca-Cola by 2.8% in the third quarter. Rise Advisors LLC now owns 7,762 shares of the company’s stock valued at $558,000 after buying an additional 214 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of Coca-Cola by 41.3% in 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. Finally, Willis Investment Counsel raised its holdings in shares of Coca-Cola by 6.2% in the third quarter. Willis Investment Counsel now owns 11,040 shares of the company’s stock valued at $793,000 after buying an additional 643 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Price Performance

Coca-Cola stock opened at $64.58 on Tuesday. The firm has a market capitalization of $278.18 billion, a P/E ratio of 26.68, a PEG ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The business has a 50-day moving average of $62.53 and a 200-day moving average of $66.32. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

Analyst Upgrades and Downgrades

KO has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Wells Fargo & Company cut their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. UBS Group dropped their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Morgan Stanley dropped their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $72.19.

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.