Avestar Capital LLC Grows Stock Holdings in The Coca-Cola Company (NYSE:KO)

Avestar Capital LLC lifted its position in The Coca-Cola Company (NYSE:KO) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,045 shares of the company’s stock after buying an additional 1,509 shares during the quarter. Avestar Capital LLC’s holdings in Coca-Cola were worth $1,933,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Beckerman Institutional LLC acquired a new stake in Coca-Cola in the fourth quarter valued at approximately $280,000. Morris Financial Concepts Inc. lifted its holdings in shares of Coca-Cola by 27.1% during the 4th quarter. Morris Financial Concepts Inc. now owns 8,584 shares of the company’s stock valued at $534,000 after purchasing an additional 1,832 shares during the last quarter. Stanley Laman Group Ltd. boosted its position in shares of Coca-Cola by 17.3% in the 4th quarter. Stanley Laman Group Ltd. now owns 10,945 shares of the company’s stock worth $681,000 after purchasing an additional 1,615 shares in the last quarter. Consolidated Planning Corp grew its stake in Coca-Cola by 12.9% during the 4th quarter. Consolidated Planning Corp now owns 34,828 shares of the company’s stock worth $2,168,000 after buying an additional 3,985 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC acquired a new position in Coca-Cola during the 4th quarter valued at about $336,000. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of several recent analyst reports. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Evercore ISI boosted their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group raised their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Finally, Morgan Stanley upped their target price on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.41.

Coca-Cola Price Performance

Shares of NYSE KO opened at $68.73 on Thursday. 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 firm’s 50 day simple moving average is $62.76 and its 200-day simple moving average is $66.33. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The stock has a market capitalization of $296.08 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 3.55 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released its quarterly 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%. Analysts expect that The Coca-Cola Company will post 2.85 EPS for the current 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.