BayBridge Capital Group LLC Has $1.43 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

BayBridge Capital Group LLC boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,950 shares of the company’s stock after buying an additional 999 shares during the period. Coca-Cola makes up about 1.0% of BayBridge Capital Group LLC’s holdings, making the stock its 26th biggest position. BayBridge Capital Group LLC’s holdings in Coca-Cola were worth $1,429,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hara Capital LLC purchased a new stake in shares of Coca-Cola in the third quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola in the 3rd quarter valued at approximately $36,000. MidAtlantic Capital Management Inc. purchased a new stake in Coca-Cola in the 3rd quarter worth approximately $43,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at $37,000. Finally, MilWealth Group LLC purchased a new position in shares of Coca-Cola during the 4th quarter valued at $40,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Price Performance

NYSE KO opened at $63.84 on Friday. The stock has a market capitalization of $275.03 billion, a PE ratio of 26.38, a P/E/G ratio of 3.56 and a beta of 0.61. The stock has a 50-day simple moving average of $62.54 and a 200 day simple moving average of $66.32. 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 twelve month low of $57.93 and a twelve month high of $73.53.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KO shares. Piper Sandler reduced their price objective on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley cut their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a report on Thursday. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.19.

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.