Wealthcare Capital Partners LLC Invests $243,000 in The Coca-Cola Company (NYSE:KO)

Wealthcare Capital Partners LLC acquired a new stake in The Coca-Cola Company (NYSE:KO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,902 shares of the company’s stock, valued at approximately $243,000.

Other institutional investors have also modified their holdings of the company. Hara Capital LLC purchased a new stake in Coca-Cola in the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Coca-Cola in the 3rd quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Coca-Cola during the 4th quarter valued at approximately $37,000. MilWealth Group LLC acquired a new position in shares of Coca-Cola in the 4th quarter worth approximately $40,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Coca-Cola in the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 1.2 %

KO stock opened at $64.58 on Tuesday. The firm’s fifty day simple moving average is $62.53 and its 200-day simple moving average is $66.32. The company has a market capitalization of $278.18 billion, a P/E ratio of 26.68, a price-to-earnings-growth 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 12 month low of $57.93 and a 12 month high of $73.53.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Piper Sandler lowered their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Barclays dropped their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently 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.