Howland Capital Management LLC Grows Stock Position in The Coca-Cola Company (NYSE:KO)

Howland Capital Management LLC lifted its stake in The Coca-Cola Company (NYSE:KO) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,679 shares of the company’s stock after purchasing an additional 1,664 shares during the period. Howland Capital Management LLC’s holdings in Coca-Cola were worth $4,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benedict Financial Advisors Inc. lifted its holdings in Coca-Cola by 1.0% during the 4th quarter. Benedict Financial Advisors Inc. now owns 79,103 shares of the company’s stock worth $4,925,000 after buying an additional 772 shares during the last quarter. WCM Investment Management LLC lifted its holdings in Coca-Cola by 145.6% during the 4th quarter. WCM Investment Management LLC now owns 64,128 shares of the company’s stock worth $3,978,000 after buying an additional 38,017 shares during the last quarter. Empowered Funds LLC lifted its holdings in Coca-Cola by 12.0% during the 4th quarter. Empowered Funds LLC now owns 235,142 shares of the company’s stock worth $14,640,000 after buying an additional 25,176 shares during the last quarter. Pacific Wealth Strategies Group Inc. lifted its holdings in Coca-Cola by 1.6% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 22,385 shares of the company’s stock worth $1,394,000 after buying an additional 357 shares during the last quarter. Finally, Forbes J M & Co. LLP lifted its holdings in Coca-Cola by 0.3% during the 4th quarter. Forbes J M & Co. LLP now owns 236,691 shares of the company’s stock worth $14,736,000 after buying an additional 783 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $63.84 on Friday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The business’s 50 day simple moving average is $62.53 and its 200-day simple moving average is $66.31. The firm has a market capitalization of $275.03 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KO shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a report on Thursday. Wells Fargo & Company cut their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Barclays cut their target price on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Piper Sandler cut their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.19.

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.