The Coca-Cola Company (NYSE:KO) Shares Bought by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,143 shares of the company’s stock after acquiring an additional 603 shares during the period. Tandem Investment Advisors Inc.’s holdings in Coca-Cola were worth $632,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Harvest Portfolios Group Inc. bought a new stake in shares of Coca-Cola during the third quarter valued at approximately $18,383,000. Balentine LLC increased its position in Coca-Cola by 92.4% in the 3rd quarter. Balentine LLC now owns 28,493 shares of the company’s stock valued at $2,048,000 after acquiring an additional 13,685 shares during the period. Rice Partnership LLC raised its stake in Coca-Cola by 7.1% during the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company’s stock valued at $6,397,000 after acquiring an additional 6,793 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Coca-Cola by 104.9% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 116,214 shares of the company’s stock worth $8,351,000 after acquiring an additional 59,503 shares during the period. Finally, Fiduciary Alliance LLC grew its stake in shares of Coca-Cola by 87.7% in the fourth quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company’s stock worth $1,132,000 after purchasing an additional 8,499 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Trading Down 0.1 %

NYSE:KO opened at $70.03 on Friday. The stock has a fifty day simple moving average of $63.54 and a 200 day simple moving average of $66.41. The firm has a market capitalization of $301.69 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 3.74 and a beta of 0.61. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last announced 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 net margin of 22.59% and a return on equity of 45.37%. Sell-side analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in 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 note on Thursday, February 6th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Thursday, February 13th. Evercore ISI increased their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased 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. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Coca-Cola presently has an average 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.