The Coca-Cola Company (NYSE:KO) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its position in shares of The Coca-Cola Company (NYSE:KO) by 27.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 133,355 shares of the company’s stock after buying an additional 28,672 shares during the quarter. Apollon Wealth Management LLC’s holdings in Coca-Cola were worth $8,303,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Almanack Investment Partners LLC. increased its position in Coca-Cola by 87.7% during the fourth quarter. Almanack Investment Partners LLC. now owns 15,966 shares of the company’s stock worth $994,000 after buying an additional 7,459 shares during the period. Mezzasalma Advisors LLC raised its position in Coca-Cola by 41.2% in the 4th quarter. Mezzasalma Advisors LLC now owns 6,756 shares of the company’s stock valued at $421,000 after purchasing an additional 1,972 shares during the last quarter. TFG Advisers LLC boosted its stake in shares of Coca-Cola by 2.0% during the fourth quarter. TFG Advisers LLC now owns 27,207 shares of the company’s stock worth $1,694,000 after buying an additional 526 shares during the period. Vest Financial LLC raised its stake in Coca-Cola by 12.8% during the 4th quarter. Vest Financial LLC now owns 884,298 shares of the company’s stock valued at $55,056,000 after acquiring an additional 100,376 shares during the last quarter. Finally, BayBridge Capital Group LLC lifted its position in Coca-Cola by 4.6% during the 4th quarter. BayBridge Capital Group LLC now owns 22,950 shares of the company’s stock worth $1,429,000 after acquiring an additional 999 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.8 %

Shares of KO opened at $63.84 on Friday. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a market capitalization of $275.03 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The stock has a fifty day moving average of $62.54 and a two-hundred day moving average of $66.32. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Analysts Set New Price Targets

Several research firms have recently commented on KO. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a research note on Thursday. Wells Fargo & Company reduced their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Piper Sandler reduced their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their target price for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Finally, Barclays lowered their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.19.

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.