V Square Quantitative Management LLC Purchases 10,228 Shares of The Coca-Cola Company (NYSE:KO)

V Square Quantitative Management LLC boosted its position in The Coca-Cola Company (NYSE:KO - Free Report) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,912 shares of the company's stock after purchasing an additional 10,228 shares during the period. Coca-Cola makes up about 0.8% of V Square Quantitative Management LLC's portfolio, making the stock its 15th largest holding. V Square Quantitative Management LLC's holdings in Coca-Cola were worth $5,287,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC grew its position in Coca-Cola by 13.7% during the 3rd 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. Geode Capital Management LLC raised its position in Coca-Cola by 3.3% during 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 buying an additional 2,966,964 shares during the period. Wellington Management Group LLP lifted its stake in 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 acquiring an additional 4,013,996 shares in the last quarter. Franklin Resources Inc. boosted its position in Coca-Cola by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 27,984,953 shares of the company's stock worth $1,990,407,000 after acquiring an additional 1,609,565 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in Coca-Cola by 2.2% during the 4th quarter. Vontobel Holding Ltd. now owns 16,021,195 shares of the company's stock valued at $997,480,000 after acquiring an additional 351,462 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Trading Down 0.9 %

KO stock traded down $0.65 during midday trading on Monday, hitting $68.85. The stock had a trading volume of 20,769,370 shares, compared to its average volume of 15,089,333. The business has a fifty day moving average price of $63.02 and a two-hundred day moving average price of $66.36. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The firm has a market cap of $296.59 billion, a P/E ratio of 28.45, a price-to-earnings-growth 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.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping 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%. On average, sell-side analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on KO. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a "hold" rating to a "buy" rating and boosted their price objective for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Barclays increased their price objective on Coca-Cola from $66.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday. Evercore ISI boosted their target price on Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Thursday. Finally, UBS Group lifted their price target on Coca-Cola from $72.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Coca-Cola has a consensus rating of "Moderate Buy" and a consensus price target of $73.82.

Coca-Cola Company 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.