The Coca-Cola Company (NYSE:KO) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its position in shares of The Coca-Cola Company (NYSE:KO) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,872,882 shares of the company’s stock after selling 12,655 shares during the period. Asset Management One Co. Ltd.’s holdings in Coca-Cola were worth $116,959,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KO. Hara Capital LLC purchased a new position in Coca-Cola in the third quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola in the third quarter valued at approximately $36,000. MidAtlantic Capital Management Inc. acquired a new stake in Coca-Cola during the third quarter worth approximately $43,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Coca-Cola during the 4th quarter worth approximately $37,000. Finally, MilWealth Group LLC acquired a new position in shares of Coca-Cola in the 4th quarter valued at $40,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Stock Up 1.1 %

KO stock opened at $69.48 on Friday. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The company has a fifty day moving average of $62.76 and a 200-day moving average of $66.33. The stock 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.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. Morgan Stanley upped their target price on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. 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. Finally, TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.82.

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.