The Coca-Cola Company (NYSE:KO) Shares Sold by Bfsg LLC

Bfsg LLC decreased its stake in shares of The Coca-Cola Company (NYSE:KO) by 14.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,837 shares of the company’s stock after selling 627 shares during the quarter. Bfsg LLC’s holdings in Coca-Cola were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Investment Partners Asset Management Inc. increased its stake in Coca-Cola by 2.2% during the 3rd quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company’s stock valued at $500,000 after purchasing an additional 150 shares in the last quarter. Blossom Wealth Management increased its stake in shares of Coca-Cola by 3.3% in the third quarter. Blossom Wealth Management now owns 4,890 shares of the company’s stock worth $351,000 after acquiring an additional 155 shares during the period. Strategic Investment Solutions Inc. IL increased its stake in shares of Coca-Cola by 1.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company’s stock worth $718,000 after acquiring an additional 159 shares during the period. DeDora Capital Inc. increased its stake in shares of Coca-Cola by 3.4% in the third quarter. DeDora Capital Inc. now owns 4,902 shares of the company’s stock worth $352,000 after acquiring an additional 160 shares during the period. Finally, Freedom Day Solutions LLC increased its stake in shares of Coca-Cola by 1.1% in the third quarter. Freedom Day Solutions LLC now owns 14,229 shares of the company’s stock worth $1,022,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of KO stock opened at $68.99 on Wednesday. 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 firm’s 50-day moving average is $63.27 and its two-hundred 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 $297.19 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group increased 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, February 12th. Barclays increased their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. DZ Bank 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 note on Thursday, February 13th. Finally, Evercore ISI raised their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to 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.