The Coca-Cola Company (NYSE:KO) Stock Holdings Lifted by Rede Wealth LLC

Rede Wealth LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,707 shares of the company’s stock after buying an additional 300 shares during the period. Rede Wealth LLC’s holdings in Coca-Cola were worth $355,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of KO. Hara Capital LLC bought a new position in shares of Coca-Cola in the third quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola in the third quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola in the fourth quarter valued at $37,000. MilWealth Group LLC bought a new position in shares of Coca-Cola in the fourth quarter valued at $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in Coca-Cola during the 3rd quarter worth approximately $43,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 0.8 %

KO stock opened at $63.84 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company has a fifty day simple moving average of $62.53 and a 200 day simple moving average of $66.31. The firm has a market cap of $275.03 billion, a PE ratio of 26.38, a PEG ratio of 3.55 and a beta of 0.61.

Wall Street Analyst Weigh In

Several research firms have weighed in on KO. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a research report on Thursday. 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 lowered their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company lowered 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 report on Tuesday, January 7th. Finally, Truist Financial lifted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two equities research 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.19.

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.