Boston Financial Mangement LLC Increases Stock Holdings in The Coca-Cola Company (NYSE:KO)

Boston Financial Mangement LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,447 shares of the company’s stock after purchasing an additional 2,895 shares during the period. Boston Financial Mangement LLC’s holdings in Coca-Cola were worth $2,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KO. Advyzon Investment Management LLC purchased a new position in Coca-Cola in the fourth quarter worth approximately $240,000. Handelsbanken Fonder AB lifted its stake in shares of Coca-Cola by 7.4% in the 4th quarter. Handelsbanken Fonder AB now owns 1,632,128 shares of the company’s stock valued at $101,616,000 after purchasing an additional 112,180 shares during the last quarter. Mcdaniel Terry & Co. increased its position in shares of Coca-Cola by 8.0% during the 4th quarter. Mcdaniel Terry & Co. now owns 456,795 shares of the company’s stock worth $28,440,000 after purchasing an additional 33,645 shares during the last quarter. Sunpointe LLC raised its holdings in Coca-Cola by 15.1% in the 4th quarter. Sunpointe LLC now owns 6,766 shares of the company’s stock valued at $421,000 after buying an additional 887 shares during the period. Finally, Corps Capital Advisors LLC acquired a new position in Coca-Cola in the fourth quarter valued at about $320,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Performance

Shares of KO stock opened at $70.11 on Thursday. The company has a market cap of $302.00 billion, a P/E ratio of 28.38, a PEG ratio of 3.73 and a beta of 0.61. The firm has a fifty day moving average price of $63.42 and a 200 day moving average price of $66.39. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. 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 released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Sell-side analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. DZ Bank upgraded 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 report on Thursday, February 13th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Piper Sandler lowered their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, Barclays raised their target price on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coca-Cola presently has an average 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.