Telos Capital Management Inc. Has $1.01 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Telos Capital Management Inc. decreased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,168 shares of the company’s stock after selling 2,319 shares during the period. Telos Capital Management Inc.’s holdings in Coca-Cola were worth $1,007,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Buck Wealth Strategies LLC grew its stake in shares of Coca-Cola by 38.0% in the 4th quarter. Buck Wealth Strategies LLC now owns 143,114 shares of the company’s stock worth $8,910,000 after acquiring an additional 39,409 shares in the last quarter. Financial Advocates Investment Management grew its stake in shares of Coca-Cola by 5.7% in the 4th quarter. Financial Advocates Investment Management now owns 28,770 shares of the company’s stock worth $1,791,000 after acquiring an additional 1,551 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in shares of Coca-Cola by 78.5% in the 4th quarter. Beacon Financial Advisory LLC now owns 26,510 shares of the company’s stock worth $1,651,000 after acquiring an additional 11,656 shares in the last quarter. Private Wealth Management Group LLC grew its position in Coca-Cola by 47.7% during the fourth quarter. Private Wealth Management Group LLC now owns 703 shares of the company’s stock valued at $44,000 after buying an additional 227 shares during the period. Finally, Adero Partners LLC grew its position in Coca-Cola by 88.6% during the fourth quarter. Adero Partners LLC now owns 14,082 shares of the company’s stock valued at $877,000 after buying an additional 6,614 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

KO has been the subject of several research reports. Barclays reduced their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company reduced their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. UBS Group reduced their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a research report on Thursday. Finally, TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.19.

Coca-Cola Trading Up 0.4 %

Shares of KO opened at $63.37 on Friday. The firm’s 50 day simple moving average is $62.56 and its 200 day simple moving average is $66.34. The company has a market capitalization of $272.96 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.56 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 1-year low of $57.93 and a 1-year high of $73.53.

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.