Leo Wealth LLC Acquires 13,529 Shares of The Coca-Cola Company (NYSE:KO)

Leo Wealth LLC grew its holdings in shares of The Coca-Cola Company (NYSE:KO) by 74.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,769 shares of the company’s stock after acquiring an additional 13,529 shares during the period. Leo Wealth LLC’s holdings in Coca-Cola were worth $1,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Consolidated Portfolio Review Corp grew its holdings in Coca-Cola by 17.1% during the fourth quarter. Consolidated Portfolio Review Corp now owns 5,314 shares of the company’s stock valued at $331,000 after purchasing an additional 775 shares during the period. Hedeker Wealth LLC lifted its position in shares of Coca-Cola by 1.5% during the 4th quarter. Hedeker Wealth LLC now owns 18,863 shares of the company’s stock valued at $1,174,000 after buying an additional 275 shares in the last quarter. Buck Wealth Strategies LLC lifted its position in shares of Coca-Cola by 38.0% during the 4th quarter. Buck Wealth Strategies LLC now owns 143,114 shares of the company’s stock valued at $8,910,000 after buying an additional 39,409 shares in the last quarter. Financial Advocates Investment Management grew its stake in shares of Coca-Cola by 5.7% during the 4th quarter. Financial Advocates Investment Management now owns 28,770 shares of the company’s stock valued at $1,791,000 after acquiring an additional 1,551 shares during the period. Finally, Beacon Financial Advisory LLC increased its holdings in Coca-Cola by 78.5% in the 4th quarter. Beacon Financial Advisory LLC now owns 26,510 shares of the company’s stock worth $1,651,000 after acquiring an additional 11,656 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Trading Up 0.4 %

Shares of KO opened at $63.37 on Friday. The stock has a market capitalization of $272.96 billion, a PE ratio of 26.18, a P/E/G ratio of 3.56 and a beta of 0.61. The company’s fifty day moving average is $62.56 and its 200 day moving average is $66.34. 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 Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Barclays dropped their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Wells Fargo & Company decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.