HMS Capital Management LLC Sells 223 Shares of The Coca-Cola Company (NYSE:KO)

HMS Capital Management LLC reduced its holdings in The Coca-Cola Company (NYSE:KO) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,050 shares of the company’s stock after selling 223 shares during the quarter. HMS Capital Management LLC’s holdings in Coca-Cola were worth $1,186,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

KO has been the subject of several recent research reports. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Truist Financial boosted their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Evercore ISI upped their price target on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Two 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.31.

Coca-Cola Stock Up 1.7 %

Shares of NYSE KO opened at $68.73 on Thursday. The business’s fifty day moving average price is $62.63 and its 200-day moving average price is $66.32. The stock has a market capitalization of $296.08 billion, a PE ratio of 28.40, a P/E/G ratio of 3.55 and a beta of 0.61. 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 Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. On average, equities research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current year.

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.