The Coca-Cola Company (NYSE:KO) Stake Cut by Reik & CO. LLC

Reik & CO. LLC cut its holdings in The Coca-Cola Company (NYSE:KO) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,517 shares of the company’s stock after selling 2,890 shares during the quarter. Coca-Cola comprises approximately 1.7% of Reik & CO. LLC’s portfolio, making the stock its 9th largest holding. Reik & CO. LLC’s holdings in Coca-Cola were worth $7,068,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. New Republic Capital LLC increased its position in Coca-Cola by 21.0% in the 4th quarter. New Republic Capital LLC now owns 8,523 shares of the company’s stock valued at $531,000 after acquiring an additional 1,482 shares during the period. Community Bank & Trust Waco Texas grew its stake in shares of Coca-Cola by 5.0% in the 4th quarter. Community Bank & Trust Waco Texas now owns 33,122 shares of the company’s stock valued at $2,062,000 after purchasing an additional 1,577 shares during the last quarter. Weatherly Asset Management L. P. increased its holdings in shares of Coca-Cola by 3.8% in the fourth quarter. Weatherly Asset Management L. P. now owns 99,362 shares of the company’s stock valued at $6,186,000 after purchasing an additional 3,679 shares during the period. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Coca-Cola by 525.2% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 7,971 shares of the company’s stock worth $496,000 after purchasing an additional 6,696 shares during the last quarter. Finally, Wealthcare Capital Partners LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth $243,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KO. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $75.00 in a report on Thursday, January 30th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Morgan Stanley cut their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, UBS Group cut their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

Coca-Cola Price Performance

NYSE:KO opened at $64.58 on Tuesday. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The firm has a market cap of $278.18 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The company’s 50-day moving average is $62.53 and its two-hundred day moving average is $66.32. 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) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) 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%. Research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

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.