Corps Capital Advisors LLC Purchases New Shares in The Coca-Cola Company (NYSE:KO)

Corps Capital Advisors LLC purchased a new stake in The Coca-Cola Company (NYSE:KO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,134 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KO. Hara Capital LLC purchased a new stake in Coca-Cola in the 3rd quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Coca-Cola in the 3rd quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in Coca-Cola in the 4th quarter valued at $37,000. MilWealth Group LLC bought a new position in Coca-Cola in the 4th quarter valued at $40,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Coca-Cola in the 3rd quarter valued at $43,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company 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 price objective for the company in a research note on Thursday, February 13th. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. Morgan Stanley upped their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $73.82.

Coca-Cola Stock Up 1.5 %

Shares of NYSE KO opened at $70.11 on Thursday. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The business has a 50-day simple moving average of $63.42 and a two-hundred day simple moving average of $66.39. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The company has a market cap of $302.00 billion, a P/E ratio of 28.38, a P/E/G ratio of 3.73 and a beta of 0.61.

Coca-Cola (NYSE:KO) last issued its earnings results 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 return on equity of 45.37% and a net margin of 22.59%. Research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

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.