Capital Advisors Inc. OK Raises Stock Holdings in The Coca-Cola Company (NYSE:KO)

Capital Advisors Inc. OK increased its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 557,237 shares of the company’s stock after purchasing an additional 3,990 shares during the quarter. Capital Advisors Inc. OK’s holdings in Coca-Cola were worth $34,694,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. increased its position in Coca-Cola by 41.3% during the 3rd 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 in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in Coca-Cola by 65.6% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,145 shares of the company’s stock valued at $801,000 after buying an additional 4,415 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Coca-Cola during the 3rd quarter valued at about $58,000. Fiduciary Alliance LLC increased its position in Coca-Cola by 35.6% during 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 in the last quarter. Finally, CX Institutional increased its position in Coca-Cola by 13.4% during the 3rd quarter. CX Institutional now owns 106,956 shares of the company’s stock valued at $7,686,000 after buying an additional 12,640 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price objective on shares of Coca-Cola in a report on Thursday, February 6th. UBS Group cut their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Morgan Stanley cut their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Finally, Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and upped their target price 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, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

Coca-Cola Trading Up 4.7 %

NYSE:KO opened at $67.61 on Wednesday. The firm has a market cap of $291.27 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The stock has a fifty day moving average price of $62.55 and a 200 day moving average price of $66.31. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 EPS 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 anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal 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.