Everhart Financial Group Inc. Sells 851 Shares of The Coca-Cola Company (NYSE:KO)

Everhart Financial Group Inc. trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,925 shares of the company’s stock after selling 851 shares during the quarter. Everhart Financial Group Inc.’s holdings in Coca-Cola were worth $1,241,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KO. Creative Planning grew its holdings in Coca-Cola by 4.0% during the 3rd quarter. Creative Planning now owns 1,852,532 shares of the company’s stock worth $133,123,000 after acquiring an additional 70,604 shares during the last quarter. LexAurum Advisors LLC grew its holdings in Coca-Cola by 17.8% during the 3rd quarter. LexAurum Advisors LLC now owns 5,221 shares of the company’s stock worth $375,000 after acquiring an additional 789 shares during the last quarter. Howard Capital Management Group LLC grew its holdings in Coca-Cola by 0.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after acquiring an additional 2,069 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Coca-Cola by 7.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 133,473 shares of the company’s stock valued at $9,591,000 after purchasing an additional 9,277 shares during the last quarter. Finally, Stratos Wealth Advisors LLC boosted its stake in shares of Coca-Cola by 1.2% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 25,670 shares of the company’s stock valued at $1,845,000 after purchasing an additional 316 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KO has been the topic of a number of analyst reports. Piper Sandler reduced their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. Barclays upped their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Thursday. Finally, Wells Fargo & Company upped 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. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $73.82.

Coca-Cola Stock Performance

KO opened at $68.85 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The company’s fifty day moving average price is $63.02 and its two-hundred day moving average price is $66.37. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The company has a market cap of $296.59 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 3.55 and a beta of 0.61.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating 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%. On average, analysts expect that The Coca-Cola Company will post 2.85 EPS 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.