Vest Financial LLC Purchases 100,376 Shares of The Coca-Cola Company (NYSE:KO)

Vest Financial LLC grew its holdings in The Coca-Cola Company (NYSE:KO) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 884,298 shares of the company’s stock after purchasing an additional 100,376 shares during the quarter. Vest Financial LLC’s holdings in Coca-Cola were worth $55,056,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hara Capital LLC bought a new position in Coca-Cola in the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Coca-Cola in the 3rd quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola in the 4th quarter worth $37,000. MilWealth Group LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth $40,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola in the third quarter valued at about $43,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

KO has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Truist Financial boosted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley cut their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their price target for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, UBS Group dropped their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.19.

Coca-Cola Trading Up 0.8 %

NYSE:KO opened at $63.84 on Friday. The company has a market cap of $275.03 billion, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The business has a 50 day moving average price of $62.54 and a two-hundred day moving average price of $66.32. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

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.