The Coca-Cola Company (NYSE:KO) Shares Acquired by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. increased its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,157 shares of the company's stock after purchasing an additional 7,736 shares during the quarter. Coca-Cola comprises about 2.3% of First Fiduciary Investment Counsel Inc.'s portfolio, making the stock its 19th biggest holding. First Fiduciary Investment Counsel Inc.'s holdings in Coca-Cola were worth $11,217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of KO. FMR LLC boosted its holdings in Coca-Cola by 13.7% in the third quarter. FMR LLC now owns 92,961,376 shares of the company's stock worth $6,680,205,000 after purchasing an additional 11,206,995 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Coca-Cola by 14.5% in the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock worth $2,271,885,000 after purchasing an additional 4,013,996 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Coca-Cola during the third quarter worth $269,382,000. Geode Capital Management LLC increased its holdings in shares of Coca-Cola by 3.3% in the third quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock valued at $6,664,005,000 after purchasing an additional 2,966,964 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its stake in shares of Coca-Cola by 7,006.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company's stock valued at $178,104,000 after purchasing an additional 2,443,612 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Performance

KO stock traded up $3.06 during trading on Tuesday, reaching $67.61. The stock had a trading volume of 30,570,125 shares, compared to its average volume of 16,119,392. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The firm has a market cap of $291.27 billion, a PE ratio of 27.94, a PEG ratio of 3.55 and a beta of 0.61. 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 stock's 50 day moving average is $62.55 and its two-hundred day moving average is $66.31.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share 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%. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KO shares. UBS Group lowered their target price on Coca-Cola from $82.00 to $72.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Truist Financial lifted their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Royal Bank of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Coca-Cola in a research note on Thursday, February 6th. TD Cowen upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Finally, Barclays cut their price target on shares of Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.