Naples Global Advisors LLC Raises Position in The Coca-Cola Company (NYSE:KO)

Naples Global Advisors LLC lifted its stake in The Coca-Cola Company (NYSE:KO) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,051 shares of the company’s stock after purchasing an additional 304 shares during the quarter. Naples Global Advisors LLC’s holdings in Coca-Cola were worth $1,684,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of KO. Creative Planning raised its holdings in shares of Coca-Cola by 4.0% in the third quarter. Creative Planning now owns 1,852,532 shares of the company’s stock worth $133,123,000 after buying an additional 70,604 shares during the period. McKinley Carter Wealth Services Inc. grew its position in Coca-Cola by 24.0% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 10,094 shares of the company’s stock valued at $725,000 after acquiring an additional 1,955 shares during the last quarter. Amplius Wealth Advisors LLC increased its stake in Coca-Cola by 7.8% in the third quarter. Amplius Wealth Advisors LLC now owns 9,049 shares of the company’s stock worth $650,000 after purchasing an additional 654 shares during the period. Wolff Wiese Magana LLC lifted its position in shares of Coca-Cola by 0.7% during the third quarter. Wolff Wiese Magana LLC now owns 26,342 shares of the company’s stock worth $1,893,000 after purchasing an additional 179 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Coca-Cola by 1.0% during the third quarter. Cornerstone Wealth Management LLC now owns 113,071 shares of the company’s stock valued at $8,125,000 after purchasing an additional 1,150 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Performance

KO stock opened at $69.48 on Friday. The firm has a 50-day simple moving average of $62.76 and a two-hundred day simple moving average of $66.33. 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 one year low of $57.93 and a one year high of $73.53. The firm has a market cap of $299.28 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 3.55 and a beta of 0.61.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KO shares. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Barclays raised their target price on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday. 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. UBS Group raised their price objective on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

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.