The Coca-Cola Company (NYSE:KO) is Reik & CO. LLC’s 9th Largest Position

Reik & CO. LLC decreased its stake in The Coca-Cola Company (NYSE:KO) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,517 shares of the company’s stock after selling 2,890 shares during the quarter. Coca-Cola makes up 1.7% of Reik & CO. LLC’s holdings, making the stock its 9th largest position. Reik & CO. LLC’s holdings in Coca-Cola were worth $7,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Republic Capital LLC raised its holdings in Coca-Cola by 21.0% in the 4th quarter. New Republic Capital LLC now owns 8,523 shares of the company’s stock worth $531,000 after purchasing an additional 1,482 shares during the period. Community Bank & Trust Waco Texas increased its position in shares of Coca-Cola by 5.0% during the fourth quarter. Community Bank & Trust Waco Texas now owns 33,122 shares of the company’s stock worth $2,062,000 after purchasing an additional 1,577 shares in the last quarter. Weatherly Asset Management L. P. grew its holdings in shares of Coca-Cola by 3.8% during the fourth quarter. Weatherly Asset Management L. P. now owns 99,362 shares of the company’s stock worth $6,186,000 after buying an additional 3,679 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in Coca-Cola by 525.2% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 7,971 shares of the company’s stock valued at $496,000 after acquiring an additional 6,696 shares during the last quarter. Finally, Wealthcare Capital Partners LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $243,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Price Performance

Coca-Cola stock opened at $64.58 on Tuesday. 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 has a fifty day simple moving average of $62.53 and a 200-day simple moving average of $66.32. The stock has a market cap of $278.18 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Equities analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

KO has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Morgan Stanley decreased their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. dropped their target price 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 analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.19.

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.