The Coca-Cola Company (NYSE:KO) Shares Acquired by Northstar Group Inc.

Northstar Group Inc. boosted its position in The Coca-Cola Company (NYSE:KO) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,260 shares of the company’s stock after acquiring an additional 235 shares during the quarter. Northstar Group Inc.’s holdings in Coca-Cola were worth $2,195,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Coca-Cola during the third quarter worth approximately $338,000. CWM LLC raised its holdings in Coca-Cola by 9.4% during the third quarter. CWM LLC now owns 434,719 shares of the company’s stock worth $31,239,000 after purchasing an additional 37,483 shares in the last quarter. Watts Gwilliam & Co. LLC acquired a new position in shares of Coca-Cola in the 3rd quarter valued at $683,000. Worth Asset Management LLC purchased a new position in shares of Coca-Cola in the 3rd quarter valued at $205,000. Finally, Stolper Co raised its stake in Coca-Cola by 0.4% during the 3rd quarter. Stolper Co now owns 100,810 shares of the company’s stock worth $7,244,000 after acquiring an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE KO opened at $63.84 on Friday. The company’s fifty day moving average is $62.54 and its two-hundred day moving average is $66.32. 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 firm has a market capitalization of $275.03 billion, a P/E ratio of 26.38, a PEG ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Wells Fargo & Company decreased their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Piper Sandler cut their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Morgan Stanley decreased their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $72.19.

About Coca-Cola

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.