Quotient Wealth Partners LLC Sells 1,649 Shares of The Coca-Cola Company (NYSE:KO)

Quotient Wealth Partners LLC trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,861 shares of the company’s stock after selling 1,649 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Coca-Cola were worth $1,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hara Capital LLC bought a new stake in Coca-Cola during the third quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Coca-Cola in the third quarter worth $36,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Coca-Cola during the 3rd quarter worth $43,000. Retirement Wealth Solutions LLC acquired a new position in Coca-Cola in the 4th quarter valued at $37,000. Finally, MilWealth Group LLC bought a new position in Coca-Cola in the 4th quarter worth $40,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Up 0.8 %

NYSE KO opened at $63.84 on Friday. The stock’s 50 day simple moving average is $62.53 and its 200 day simple moving average is $66.31. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The firm has a market cap 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 company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Wall Street Analysts Forecast Growth

KO has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a report on Thursday. UBS Group cut 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 boosted their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Barclays reduced their price objective 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target 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.