The Coca-Cola Company (NYSE:KO) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,872,882 shares of the company's stock after selling 12,655 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Coca-Cola were worth $116,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Hara Capital LLC purchased a new position in shares of Coca-Cola in the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Coca-Cola in the third quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Coca-Cola during the fourth quarter valued at approximately $37,000. MilWealth Group LLC purchased a new stake in Coca-Cola during the fourth quarter worth approximately $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Coca-Cola during the third quarter worth approximately $43,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Down 0.9 %

NYSE:KO traded down $0.65 during mid-day trading on Monday, reaching $68.85. The stock had a trading volume of 20,769,370 shares, compared to its average volume of 15,089,333. The company 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 stock's 50 day simple moving average is $63.02 and its two-hundred day simple moving average is $66.36. 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 Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53.

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Coca-Cola (NYSE:KO - Get Free Report) last issued its earnings results 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%. Equities analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KO. 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 research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Coca-Cola in a research note on Thursday, February 6th. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a "hold" rating to a "buy" rating and increased their price objective for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $73.82.

Coca-Cola 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.