Venturi Wealth Management LLC Has $1.07 Million Position in The Coca-Cola Company (NYSE:KO)

Venturi Wealth Management LLC increased its stake in shares of The Coca-Cola Company (NYSE:KO) by 242.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,124 shares of the company’s stock after buying an additional 12,130 shares during the quarter. Venturi Wealth Management LLC’s holdings in Coca-Cola were worth $1,066,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KO. Howard Capital Management Group LLC boosted its holdings in shares of Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after purchasing an additional 2,069 shares during the period. Northwest Investment Counselors LLC bought a new position in Coca-Cola during the third quarter valued at approximately $139,000. Evernest Financial Advisors LLC raised its position in Coca-Cola by 4.8% during the third quarter. Evernest Financial Advisors LLC now owns 14,449 shares of the company’s stock valued at $1,038,000 after acquiring an additional 659 shares in the last quarter. Horst & Graben Wealth Management LLC raised its position in Coca-Cola by 3.9% during the third quarter. Horst & Graben Wealth Management LLC now owns 8,882 shares of the company’s stock valued at $638,000 after acquiring an additional 330 shares in the last quarter. Finally, Ledyard National Bank raised its position in Coca-Cola by 12.2% during the third quarter. Ledyard National Bank now owns 19,131 shares of the company’s stock valued at $1,375,000 after acquiring an additional 2,076 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Trading Up 0.2 %

Shares of KO stock opened at $68.99 on Wednesday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The firm’s fifty day simple moving average is $63.27 and its 200 day simple moving average is $66.36. The firm has a market capitalization of $297.19 billion, a P/E ratio of 28.51, 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.

Coca-Cola (NYSE:KO) last announced its 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%. As a group, sell-side analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Thursday, February 13th. Wells Fargo & Company raised their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Morgan Stanley raised their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI raised their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price 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.