Arcus Capital Partners LLC Boosts Stock Holdings in The Coca-Cola Company (NYSE:KO)

Arcus Capital Partners LLC grew its position in shares of The Coca-Cola Company (NYSE:KO) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 633,499 shares of the company’s stock after buying an additional 5,124 shares during the quarter. Coca-Cola accounts for approximately 14.4% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Arcus Capital Partners LLC’s holdings in Coca-Cola were worth $38,757,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Creative Planning raised its holdings in shares of Coca-Cola by 4.0% in the 3rd quarter. Creative Planning now owns 1,852,532 shares of the company’s stock worth $133,123,000 after purchasing an additional 70,604 shares during the period. McKinley Carter Wealth Services Inc. raised its holdings in shares of Coca-Cola by 24.0% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 10,094 shares of the company’s stock worth $725,000 after purchasing an additional 1,955 shares during the period. Amplius Wealth Advisors LLC raised its holdings in shares of Coca-Cola by 7.8% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 9,049 shares of the company’s stock worth $650,000 after purchasing an additional 654 shares during the period. Wolff Wiese Magana LLC raised its holdings in Coca-Cola by 0.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 26,342 shares of the company’s stock valued at $1,893,000 after acquiring an additional 179 shares during the period. Finally, Cornerstone Wealth Management LLC raised its holdings in Coca-Cola by 1.0% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 113,071 shares of the company’s stock valued at $8,125,000 after acquiring an additional 1,150 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 1.1 %

Shares of NYSE:KO opened at $69.48 on Friday. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The firm has a fifty day moving average of $62.76 and a 200 day moving average of $66.33. The firm has a market capitalization of $299.28 billion, a PE ratio of 28.71, 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 quick ratio of 0.90 and a current ratio of 1.06.

Coca-Cola (NYSE:KO) last announced its earnings results 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 net margin of 22.45% and a return on equity of 44.01%. As a group, research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KO shares. Evercore ISI boosted their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group boosted their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Finally, Barclays boosted their target price on shares of Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.