AFT Forsyth & Company Inc. Decreases Holdings in The Coca-Cola Company (NYSE:KO)

AFT Forsyth & Company Inc. cut its stake in The Coca-Cola Company (NYSE:KO) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,293 shares of the company’s stock after selling 200 shares during the quarter. AFT Forsyth & Company Inc.’s holdings in Coca-Cola were worth $454,000 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. CCG Wealth Management LLC grew its holdings in Coca-Cola by 4.3% during the third quarter. CCG Wealth Management LLC now owns 3,614 shares of the company’s stock valued at $260,000 after purchasing an additional 149 shares during the last quarter. Investment Partners Asset Management Inc. boosted its holdings in shares of Coca-Cola by 2.2% during the 3rd quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company’s stock worth $500,000 after buying an additional 150 shares during the period. Blossom Wealth Management boosted its holdings in shares of Coca-Cola by 3.3% during the 3rd quarter. Blossom Wealth Management now owns 4,890 shares of the company’s stock worth $351,000 after buying an additional 155 shares during the period. Strategic Investment Solutions Inc. IL grew its stake in Coca-Cola by 1.6% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company’s stock valued at $718,000 after buying an additional 159 shares during the last quarter. Finally, DeDora Capital Inc. raised its holdings in Coca-Cola by 3.4% in the 3rd quarter. DeDora Capital Inc. now owns 4,902 shares of the company’s stock worth $352,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of KO stock opened at $68.73 on Thursday. The stock’s fifty day simple moving average is $62.63 and its 200 day simple moving average is $66.32. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The firm has a market cap of $296.08 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 3.55 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Coca-Cola (NYSE:KO) last issued 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore ISI upped their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Sandler decreased their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. TD Cowen raised 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. UBS Group upped their price target on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Two research 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.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price 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.