3,849 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Advyzon Investment Management LLC

Advyzon Investment Management LLC acquired a new stake in The Coca-Cola Company (NYSE:KO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,849 shares of the company’s stock, valued at approximately $240,000.

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

Wall Street Analysts Forecast Growth

KO has been the topic of a number of analyst reports. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Finally, UBS Group increased their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Stock Performance

Coca-Cola stock opened at $70.03 on Friday. 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 firm has a market cap of $301.69 billion, a P/E ratio of 28.35, a P/E/G ratio of 3.74 and a beta of 0.61. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The firm has a 50-day moving average of $63.54 and a 200-day moving average of $66.41.

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%. Sell-side analysts expect that The Coca-Cola Company will post 2.96 EPS for the current 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.