Principal Securities Inc. increased its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,126 shares of the company's stock after acquiring an additional 4,121 shares during the period. Principal Securities Inc.'s holdings in Coca-Cola were worth $6,607,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Harvest Portfolios Group Inc. acquired a new stake in shares of Coca-Cola during the third quarter worth $18,383,000. Balentine LLC increased its stake in Coca-Cola by 92.4% in the 3rd quarter. Balentine LLC now owns 28,493 shares of the company's stock valued at $2,048,000 after buying an additional 13,685 shares during the last quarter. Rice Partnership LLC increased its stake in Coca-Cola by 7.1% in the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock valued at $6,397,000 after buying an additional 6,793 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in Coca-Cola by 104.9% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 116,214 shares of the company's stock valued at $8,351,000 after buying an additional 59,503 shares during the last quarter. Finally, Fiduciary Alliance LLC increased its stake in Coca-Cola by 87.7% in the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock valued at $1,132,000 after buying an additional 8,499 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.
NYSE KO opened at $68.85 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $296.59 billion, a P/E ratio of 28.45, a P/E/G 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. The firm has a 50-day moving average price of $63.02 and a two-hundred day moving average price of $66.36.
Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. Analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and lifted their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and lifted their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. TD Cowen upgraded shares of 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. Finally, Piper Sandler lowered their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Coca-Cola presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.82.
Read Our Latest Stock Report on 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.
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