Stephens Inc. AR Acquires 18,878 Shares of The Coca-Cola Company (NYSE:KO)

Stephens Inc. AR lifted its holdings in The Coca-Cola Company (NYSE:KO) by 4.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 428,003 shares of the company’s stock after purchasing an additional 18,878 shares during the period. Stephens Inc. AR’s holdings in Coca-Cola were worth $26,647,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rede Wealth LLC raised its stake in Coca-Cola by 5.5% during the 4th quarter. Rede Wealth LLC now owns 5,707 shares of the company’s stock worth $355,000 after acquiring an additional 300 shares during the period. Howland Capital Management LLC raised its stake in Coca-Cola by 2.4% during the 4th quarter. Howland Capital Management LLC now owns 70,679 shares of the company’s stock worth $4,400,000 after acquiring an additional 1,664 shares during the period. Benedict Financial Advisors Inc. raised its stake in Coca-Cola by 1.0% during the 4th quarter. Benedict Financial Advisors Inc. now owns 79,103 shares of the company’s stock worth $4,925,000 after acquiring an additional 772 shares during the period. WCM Investment Management LLC raised its stake in Coca-Cola by 145.6% during the 4th quarter. WCM Investment Management LLC now owns 64,128 shares of the company’s stock worth $3,978,000 after acquiring an additional 38,017 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Coca-Cola by 12.0% during the fourth quarter. Empowered Funds LLC now owns 235,142 shares of the company’s stock valued at $14,640,000 after buying an additional 25,176 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, January 8th. Barclays cut their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. UBS Group cut their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Piper Sandler cut their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Morgan Stanley cut their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and an average price target of $72.19.

Coca-Cola Stock Performance

KO stock 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 business has a 50-day moving average price of $62.53 and a 200 day moving average price of $66.31. The company has a market capitalization of $275.03 billion, a P/E ratio of 26.38, a PEG ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53.

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.