WealthPLAN Partners LLC Sells 707 Shares of The Coca-Cola Company (NYSE:KO)

WealthPLAN Partners LLC lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,121 shares of the company’s stock after selling 707 shares during the period. WealthPLAN Partners LLC’s holdings in Coca-Cola were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. PUREfi Wealth LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at $274,000. Bank Pictet & Cie Europe AG boosted its stake in Coca-Cola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,072 shares in the last quarter. Blue Trust Inc. boosted its stake in Coca-Cola by 221.0% in the 4th quarter. Blue Trust Inc. now owns 966,554 shares of the company’s stock worth $60,178,000 after purchasing an additional 665,485 shares in the last quarter. Asset Planning Inc bought a new position in Coca-Cola in the 4th quarter worth about $412,000. Finally, Banque Pictet & Cie SA boosted its stake in Coca-Cola by 0.9% in the 4th quarter. Banque Pictet & Cie SA now owns 114,363 shares of the company’s stock worth $7,120,000 after purchasing an additional 1,011 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KO. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. UBS Group upped their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Trading Down 0.9 %

Coca-Cola stock opened at $68.85 on Friday. The firm has a 50 day moving average of $63.02 and a 200 day moving average of $66.37. The firm has a market capitalization of $296.59 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. 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 released its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) 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%. As a group, research analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current year.

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.