Adell Harriman & Carpenter Inc. Decreases Stock Holdings in The Coca-Cola Company (NYSE:KO)

Adell Harriman & Carpenter Inc. lowered its holdings in The Coca-Cola Company (NYSE:KO) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,309 shares of the company’s stock after selling 3,750 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Coca-Cola were worth $7,740,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KO. Creative Planning grew its position in Coca-Cola by 4.0% during the third quarter. Creative Planning now owns 1,852,532 shares of the company’s stock valued at $133,123,000 after buying an additional 70,604 shares during the period. Greenup Street Wealth Management LLC purchased a new position in Coca-Cola in the third quarter valued at about $234,000. Cardinal Capital Management grew its position in shares of Coca-Cola by 0.3% during the 3rd quarter. Cardinal Capital Management now owns 81,765 shares of the company’s stock valued at $5,915,000 after acquiring an additional 220 shares during the period. Trust Co. of Vermont increased its stake in shares of Coca-Cola by 14.9% during the 3rd quarter. Trust Co. of Vermont now owns 79,045 shares of the company’s stock worth $5,680,000 after purchasing an additional 10,229 shares during the last quarter. Finally, Vista Investment Partners LLC raised its holdings in shares of Coca-Cola by 0.7% in the 3rd quarter. Vista Investment Partners LLC now owns 25,073 shares of the company’s stock worth $1,802,000 after purchasing an additional 167 shares during the period. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday. JPMorgan Chase & Co. cut their price target 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. 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. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Finally, Evercore ISI boosted their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday. Two investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Trading Down 0.9 %

Coca-Cola stock opened at $68.85 on Friday. 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 Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The stock has a market cap of $296.59 billion, a P/E ratio of 28.45, a PEG ratio of 3.55 and a beta of 0.61. The firm’s fifty day moving average price is $62.90 and its 200-day moving average price is $66.36.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 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%. Equities research analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

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.