Martin & Co. Inc. TN Lowers Stock Holdings in The Coca-Cola Company (NYSE:KO)

Martin & Co. Inc. TN decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,303 shares of the company’s stock after selling 816 shares during the period. Martin & Co. Inc. TN’s holdings in Coca-Cola were worth $1,140,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of Coca-Cola by 4.0% in the third quarter. Creative Planning now owns 1,852,532 shares of the company’s stock worth $133,123,000 after buying an additional 70,604 shares during the period. Howard Capital Management Group LLC increased its holdings in shares of Coca-Cola by 0.5% in the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after buying an additional 2,069 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of Coca-Cola by 7.5% in the third quarter. Stratos Wealth Partners LTD. now owns 133,473 shares of the company’s stock worth $9,591,000 after buying an additional 9,277 shares during the period. Stratos Wealth Advisors LLC increased its holdings in shares of Coca-Cola by 1.2% in the third quarter. Stratos Wealth Advisors LLC now owns 25,670 shares of the company’s stock worth $1,845,000 after buying an additional 316 shares during the period. Finally, Net Worth Advisory Group purchased a new position in Coca-Cola during the 3rd quarter valued at about $323,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KO. JPMorgan Chase & Co. reduced their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Thursday. Wells Fargo & Company boosted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, UBS Group boosted their price objective on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.82.

Coca-Cola Trading Down 0.9 %

NYSE:KO opened at $68.85 on Monday. 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 has a market capitalization of $296.59 billion, a price-to-earnings ratio of 28.45, 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 business has a fifty day moving average price of $63.02 and a 200-day moving average price of $66.36.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data 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 return on equity of 44.01% and a net margin of 22.45%. Sell-side analysts forecast 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.