Empower Advisory Group LLC Boosts Stock Holdings in The Coca-Cola Company (NYSE:KO)

Empower Advisory Group LLC lifted its holdings in The Coca-Cola Company (NYSE:KO) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,144,608 shares of the company’s stock after purchasing an additional 37,830 shares during the quarter. Empower Advisory Group LLC’s holdings in Coca-Cola were worth $71,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Investment Partners Asset Management Inc. increased its position in shares of Coca-Cola by 2.2% in the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company’s stock valued at $500,000 after buying an additional 150 shares in the last quarter. Blossom Wealth Management lifted its stake in Coca-Cola by 3.3% in the 3rd quarter. Blossom Wealth Management now owns 4,890 shares of the company’s stock valued at $351,000 after buying an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its stake in Coca-Cola by 1.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company’s stock worth $718,000 after buying an additional 159 shares in the last quarter. DeDora Capital Inc. lifted its position in shares of Coca-Cola by 3.4% in the third quarter. DeDora Capital Inc. now owns 4,902 shares of the company’s stock valued at $352,000 after acquiring an additional 160 shares in the last quarter. Finally, Freedom Day Solutions LLC boosted its stake in shares of Coca-Cola by 1.1% in the third quarter. Freedom Day Solutions LLC now owns 14,229 shares of the company’s stock worth $1,022,000 after acquiring an additional 160 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Coca-Cola Trading Down 0.9 %

NYSE KO opened at $68.85 on Tuesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a market capitalization of $296.59 billion, a P/E ratio of 28.45, a PEG ratio of 3.55 and a beta of 0.61. The firm’s 50-day moving average is $63.02 and its two-hundred 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.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data 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 22.45% and a return on equity of 44.01%. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

KO has been the subject of several recent research reports. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday, February 13th. Barclays raised their price target on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Finally, TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola 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.