Strata Wealth Advisors LLC Acquires 246 Shares of The Coca-Cola Company (NYSE:KO)

Strata Wealth Advisors LLC lifted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,758 shares of the company’s stock after purchasing an additional 246 shares during the quarter. Strata Wealth Advisors LLC’s holdings in Coca-Cola were worth $545,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Laidlaw Wealth Management LLC boosted its position in Coca-Cola by 4.5% during the 4th quarter. Laidlaw Wealth Management LLC now owns 9,370 shares of the company’s stock worth $583,000 after acquiring an additional 400 shares during the last quarter. Cannon Financial Strategists Inc. boosted its holdings in Coca-Cola by 1.5% during the fourth quarter. Cannon Financial Strategists Inc. now owns 57,566 shares of the company’s stock worth $3,584,000 after purchasing an additional 831 shares during the last quarter. Global Retirement Partners LLC grew its position in Coca-Cola by 3.1% in the fourth quarter. Global Retirement Partners LLC now owns 87,924 shares of the company’s stock valued at $5,474,000 after purchasing an additional 2,635 shares in the last quarter. Northcape Wealth Management LLC increased its stake in Coca-Cola by 0.6% in the 4th quarter. Northcape Wealth Management LLC now owns 44,181 shares of the company’s stock valued at $2,751,000 after buying an additional 251 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Coca-Cola during the 4th quarter worth about $91,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.2 %

KO opened at $68.99 on Wednesday. The company’s 50 day moving average price is $63.27 and its two-hundred day moving average price is $66.36. The firm has a market capitalization of $297.20 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 3.73 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO) last released its quarterly 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 return on equity of 45.37% and a net margin of 22.59%. As a group, research analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. Barclays lifted their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, UBS Group upped their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.