Martin & Co. Inc. TN Sells 816 Shares of The Coca-Cola Company (NYSE:KO)

Martin & Co. Inc. TN decreased its holdings in The Coca-Cola Company (NYSE:KO) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,303 shares of the company’s stock after selling 816 shares during the period. Martin & Co. Inc. TN’s holdings in Coca-Cola were worth $1,140,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Hara Capital LLC purchased a new stake in Coca-Cola in the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Coca-Cola in the 3rd quarter worth about $36,000. MidAtlantic Capital Management Inc. purchased a new stake in Coca-Cola in the 3rd quarter worth about $43,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola in the 4th quarter worth about $37,000. Finally, MilWealth Group LLC purchased a new stake in Coca-Cola in the 4th quarter worth about $40,000. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KO. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Morgan Stanley raised their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Barclays raised their target price on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday. Two research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $73.82.

Coca-Cola Trading Down 0.9 %

NYSE:KO opened at $68.85 on Monday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The firm has a fifty day simple moving average of $63.02 and a 200-day simple moving average of $66.36. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $296.59 billion, a P/E ratio of 28.45, a PEG ratio of 3.55 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts anticipate 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.