Beckerman Institutional LLC Makes New Investment in The Coca-Cola Company (NYSE:KO)

Beckerman Institutional LLC acquired a new position in shares of The Coca-Cola Company (NYSE:KO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,505 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in shares of Coca-Cola during the 3rd quarter valued at $58,000. Creative Planning boosted its stake in shares of Coca-Cola by 4.0% during the 3rd quarter. Creative Planning now owns 1,852,532 shares of the company’s stock valued at $133,123,000 after buying an additional 70,604 shares during the period. Acorn Creek Capital LLC acquired a new stake in shares of Coca-Cola during the 3rd quarter valued at $207,000. CCG Wealth Management LLC boosted its stake in shares of Coca-Cola by 4.3% during the 3rd quarter. CCG Wealth Management LLC now owns 3,614 shares of the company’s stock valued at $260,000 after buying an additional 149 shares during the period. Finally, Opal Wealth Advisors LLC boosted its stake in shares of Coca-Cola by 6.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 15,405 shares of the company’s stock valued at $1,107,000 after buying an additional 970 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Performance

Shares of KO opened at $68.73 on Thursday. The company has a market capitalization of $296.08 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a one year low of $57.93 and a one year 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 company’s fifty day moving average price is $62.63 and its 200 day moving average price is $66.32.

Coca-Cola (NYSE:KO) last announced 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 net margin of 22.45% and a return on equity of 44.01%. As a group, analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KO shares. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen raised shares of 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 Wednesday, January 8th. Evercore ISI lifted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $70.00 in a research note on Thursday, December 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 company. Based on data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus price target of $73.41.

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.