Morris Financial Concepts Inc. Purchases 1,832 Shares of The Coca-Cola Company (NYSE:KO)

Morris Financial Concepts Inc. grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,584 shares of the company’s stock after buying an additional 1,832 shares during the period. Morris Financial Concepts Inc.’s holdings in Coca-Cola were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Stanley Laman Group Ltd. increased its holdings in shares of Coca-Cola by 17.3% during the fourth quarter. Stanley Laman Group Ltd. now owns 10,945 shares of the company’s stock valued at $681,000 after acquiring an additional 1,615 shares in the last quarter. Consolidated Planning Corp lifted its position in shares of Coca-Cola by 12.9% during the 4th quarter. Consolidated Planning Corp now owns 34,828 shares of the company’s stock valued at $2,168,000 after buying an additional 3,985 shares in the last quarter. Hidden Cove Wealth Management LLC acquired a new position in Coca-Cola in the 4th quarter valued at $336,000. Naples Global Advisors LLC increased its stake in shares of Coca-Cola by 1.1% in the 4th quarter. Naples Global Advisors LLC now owns 27,051 shares of the company’s stock worth $1,684,000 after acquiring an additional 304 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Coca-Cola by 1.6% during the 4th quarter. Van ECK Associates Corp now owns 962,530 shares of the company’s stock worth $59,928,000 after purchasing an additional 15,200 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of several research reports. Truist Financial lifted their target price on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. UBS Group boosted their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company upped their price target on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.41.

Coca-Cola Trading Up 1.7 %

Shares of KO opened at $68.73 on Thursday. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The firm has a market capitalization of $296.08 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 3.55 and a beta of 0.61. The stock’s 50-day moving average price is $62.63 and its 200 day moving average price is $66.32. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

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

About Coca-Cola

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.