Cassaday & Co Wealth Management LLC Purchases 632 Shares of The Coca-Cola Company (NYSE:KO)

Cassaday & Co Wealth Management LLC increased its position in shares of The Coca-Cola Company (NYSE:KO) by 5.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,279 shares of the company’s stock after buying an additional 632 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Coca-Cola were worth $764,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KO. Investment Partners Asset Management Inc. lifted its holdings in 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 purchasing an additional 150 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in Coca-Cola by 1.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company’s stock worth $718,000 after purchasing an additional 159 shares during the last quarter. Freedom Day Solutions LLC increased its stake in Coca-Cola by 1.1% during the 3rd quarter. Freedom Day Solutions LLC now owns 14,229 shares of the company’s stock worth $1,022,000 after acquiring an additional 160 shares during the period. First Bank & Trust increased its stake in Coca-Cola by 0.6% during the 3rd quarter. First Bank & Trust now owns 27,878 shares of the company’s stock worth $2,003,000 after acquiring an additional 160 shares during the period. Finally, Wells Trecaso Financial Group LLC increased its stake in Coca-Cola by 4.8% during the 4th quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company’s stock worth $225,000 after acquiring an additional 164 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Performance

Shares of Coca-Cola stock opened at $70.03 on Friday. 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 capitalization of $301.69 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 3.79 and a beta of 0.61. The business has a 50-day simple moving average of $63.54 and a 200 day simple moving average of $66.41. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. On average, research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KO shares. Barclays raised their price objective on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Evercore ISI boosted their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Thursday, February 13th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Piper Sandler reduced their price objective 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. Two 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Company 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.