Baillie Gifford & Co. Has $53.07 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Baillie Gifford & Co. lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 852,417 shares of the company’s stock after buying an additional 3,286 shares during the period. Baillie Gifford & Co.’s holdings in Coca-Cola were worth $53,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Capital Management Group LLC raised its stake in shares of Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock valued at $28,716,000 after acquiring an additional 2,069 shares during the last quarter. Stratos Wealth Advisors LLC raised its position in Coca-Cola by 1.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 25,670 shares of the company’s stock worth $1,845,000 after purchasing an additional 316 shares during the last quarter. Net Worth Advisory Group bought a new position in Coca-Cola during the 3rd quarter worth $323,000. Resonant Capital Advisors LLC lifted its holdings in Coca-Cola by 15.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 7,972 shares of the company’s stock worth $577,000 after buying an additional 1,055 shares during the period. Finally, Brown Lisle Cummings Inc. grew its position in shares of Coca-Cola by 1.4% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 18,601 shares of the company’s stock valued at $1,337,000 after buying an additional 256 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Price Performance

Shares of KO opened at $68.85 on Tuesday. The business’s fifty day moving average is $63.02 and its 200 day moving average is $66.36. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The stock has a market cap of $296.59 billion, a P/E ratio of 28.45, a P/E/G ratio of 3.55 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released 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 net margin of 22.45% and a return on equity of 44.01%. Sell-side analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KO shares. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a research report on Thursday, February 6th. Evercore ISI boosted their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. 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, February 12th. Finally, DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.