The Coca-Cola Company (NYSE:KO) Shares Acquired by Northcape Wealth Management LLC

Northcape Wealth Management LLC raised its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,181 shares of the company’s stock after purchasing an additional 251 shares during the period. Northcape Wealth Management LLC’s holdings in Coca-Cola were worth $2,751,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KO. Hara Capital LLC purchased a new stake in shares of Coca-Cola during the third quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Coca-Cola during the 3rd quarter worth approximately $36,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Coca-Cola during the 3rd quarter worth approximately $43,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $37,000. Finally, MilWealth Group LLC purchased a new position in Coca-Cola during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Price Performance

KO opened at $68.99 on Wednesday. The stock’s 50-day moving average price is $63.27 and its 200 day moving average price is $66.36. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The firm has a market cap 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 company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KO shares. Piper Sandler dropped their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price objective on shares of Coca-Cola in a report on Thursday, February 6th. Evercore ISI lifted their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Thursday, February 13th. Finally, Wells Fargo & Company lifted their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price 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.