Guyasuta Investment Advisors Inc. Sells 180 Shares of The Coca-Cola Company (NYSE:KO)

Guyasuta Investment Advisors Inc. lessened its position in The Coca-Cola Company (NYSE:KO) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,693 shares of the company’s stock after selling 180 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Coca-Cola were worth $8,448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KO. Creative Planning boosted its holdings in shares of Coca-Cola by 4.0% during the 3rd quarter. Creative Planning now owns 1,852,532 shares of the company’s stock worth $133,123,000 after buying an additional 70,604 shares during the period. Greenup Street Wealth Management LLC bought a new stake in shares of Coca-Cola during the 3rd quarter worth about $234,000. Cardinal Capital Management raised its stake in Coca-Cola by 0.3% in the 3rd quarter. Cardinal Capital Management now owns 81,765 shares of the company’s stock worth $5,915,000 after purchasing an additional 220 shares in the last quarter. Trust Co. of Vermont raised its stake in Coca-Cola by 14.9% in the 3rd quarter. Trust Co. of Vermont now owns 79,045 shares of the company’s stock worth $5,680,000 after purchasing an additional 10,229 shares in the last quarter. Finally, Vista Investment Partners LLC raised its stake in Coca-Cola by 0.7% in the 3rd quarter. Vista Investment Partners LLC now owns 25,073 shares of the company’s stock worth $1,802,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Down 0.9 %

Coca-Cola stock opened at $68.85 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The firm’s fifty day moving average is $62.90 and its 200 day moving average is $66.36. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The company has a market capitalization of $296.59 billion, a PE ratio of 28.45, a PEG ratio of 3.55 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. As a group, sell-side analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KO. UBS Group lifted their price objective on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday. Piper Sandler dropped their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Morgan Stanley lifted their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. 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 28th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $73.82.

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.