Morningstar Investment Management LLC Has $736,000 Position in The Coca-Cola Company (NYSE:KO)

Morningstar Investment Management LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 7.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,825 shares of the company’s stock after buying an additional 805 shares during the quarter. Morningstar Investment Management LLC’s holdings in Coca-Cola were worth $736,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KO. FMR LLC boosted its holdings in Coca-Cola by 13.7% in the third quarter. FMR LLC now owns 92,961,376 shares of the company’s stock valued at $6,680,205,000 after acquiring an additional 11,206,995 shares during the last quarter. Geode Capital Management LLC lifted its position in Coca-Cola by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company’s stock valued at $6,664,005,000 after purchasing an additional 2,966,964 shares during the period. Wellington Management Group LLP boosted its stake in shares of Coca-Cola by 14.5% in the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company’s stock valued at $2,271,885,000 after purchasing an additional 4,013,996 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Coca-Cola by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 27,984,953 shares of the company’s stock worth $1,990,407,000 after buying an additional 1,609,565 shares during the period. Finally, Vontobel Holding Ltd. lifted its holdings in Coca-Cola by 2.2% in the fourth quarter. Vontobel Holding Ltd. now owns 16,021,195 shares of the company’s stock valued at $997,480,000 after buying an additional 351,462 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Price Performance

KO stock opened at $70.11 on Thursday. The stock has a market cap of $302.00 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 3.74 and a beta of 0.61. The stock has a 50-day moving average price of $63.42 and a two-hundred day moving average price of $66.39. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data 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 return on equity of 45.37% and a net margin of 22.59%. Equities analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on KO shares. Wells Fargo & Company lifted their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Morgan Stanley upped their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. UBS Group boosted their target price on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, 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 note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola 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.