Crumly & Associates Inc. Sells 329 Shares of The Coca-Cola Company (NYSE:KO)

Crumly & Associates Inc. lessened its position in The Coca-Cola Company (NYSE:KO) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,555 shares of the company’s stock after selling 329 shares during the period. Crumly & Associates Inc.’s holdings in Coca-Cola were worth $346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KO. Investment Partners Asset Management Inc. grew its holdings in shares of Coca-Cola by 2.2% in the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company’s stock worth $500,000 after purchasing an additional 150 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its holdings in shares of Coca-Cola by 1.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company’s stock worth $718,000 after purchasing an additional 159 shares during the last quarter. Freedom Day Solutions LLC grew its holdings in shares of Coca-Cola by 1.1% in the third quarter. Freedom Day Solutions LLC now owns 14,229 shares of the company’s stock worth $1,022,000 after purchasing an additional 160 shares during the last quarter. First Bank & Trust grew its holdings in shares of Coca-Cola by 0.6% in the third quarter. First Bank & Trust now owns 27,878 shares of the company’s stock worth $2,003,000 after purchasing an additional 160 shares during the last quarter. Finally, Wells Trecaso Financial Group LLC boosted its holdings in Coca-Cola by 4.8% in the fourth quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company’s stock valued at $225,000 after acquiring an additional 164 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

KO opened at $70.03 on Friday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The stock has a 50-day moving average price of $63.54 and a 200-day moving average price of $66.41. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The firm has a market cap of $301.69 billion, a PE ratio of 28.35, a P/E/G ratio of 3.79 and a beta of 0.61.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping 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 predict that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

KO has been the topic of several recent analyst reports. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, January 8th. 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 report on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Thursday, February 13th. Finally, UBS Group lifted their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the company 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola 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.