Total Investment Management Inc. Purchases 331 Shares of The Coca-Cola Company (NYSE:KO)

Total Investment Management Inc. increased its stake in The Coca-Cola Company (NYSE:KO) by 5.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,023 shares of the company’s stock after acquiring an additional 331 shares during the period. Total Investment Management Inc.’s holdings in Coca-Cola were worth $375,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hara Capital LLC bought a new stake in Coca-Cola in the third quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Coca-Cola in the third quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola in the fourth quarter worth $37,000. MilWealth Group LLC purchased a new stake in Coca-Cola in the fourth quarter worth $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Coca-Cola in the third quarter worth $43,000. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Price Performance

Shares of KO stock opened at $68.85 on Monday. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The stock’s 50-day moving average is $63.02 and its 200 day moving average is $66.36. The company 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 company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Jefferies Financial Group upgraded 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 note on Thursday, January 30th. Barclays increased their target price on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Thursday. Finally, Piper Sandler cut their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Two 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 company. Based on data from MarketBeat, Coca-Cola has an average 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.