GHP Investment Advisors Inc. Sells 249 Shares of The Coca-Cola Company (NYSE:KO)

GHP Investment Advisors Inc. trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,250 shares of the company’s stock after selling 249 shares during the period. GHP Investment Advisors Inc.’s holdings in Coca-Cola were worth $700,000 as of its most recent filing with the SEC.

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

Coca-Cola Stock Up 0.8 %

Shares of NYSE:KO opened at $63.84 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a market cap of $275.03 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 3.56 and a beta of 0.61. The company has a 50 day moving average of $62.54 and a 200-day moving average of $66.32. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Truist Financial raised their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Morgan Stanley reduced their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.