Paradigm Asset Management Co. LLC Makes New $2.45 Million Investment in The Coca-Cola Company (NYSE:KO)

Paradigm Asset Management Co. LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 39,300 shares of the company’s stock, valued at approximately $2,447,000. Coca-Cola accounts for approximately 0.7% of Paradigm Asset Management Co. LLC’s holdings, making the stock its 29th biggest position.

Other large investors have also made changes to their positions in the company. Investment Partners Asset Management Inc. boosted its position in shares of Coca-Cola by 2.2% in the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company’s stock worth $500,000 after buying an additional 150 shares during the period. Strategic Investment Solutions Inc. IL boosted its position in shares of Coca-Cola by 1.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company’s stock worth $718,000 after buying an additional 159 shares during the period. Freedom Day Solutions LLC boosted its position in shares of Coca-Cola by 1.1% in the third quarter. Freedom Day Solutions LLC now owns 14,229 shares of the company’s stock worth $1,022,000 after buying an additional 160 shares during the period. First Bank & Trust boosted its position in shares of Coca-Cola by 0.6% in the third quarter. First Bank & Trust now owns 27,878 shares of the company’s stock worth $2,003,000 after buying an additional 160 shares during the period. Finally, Wells Trecaso Financial Group LLC boosted its position in shares of Coca-Cola by 4.8% in the fourth quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company’s stock worth $225,000 after buying an additional 164 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Evercore ISI increased their price target on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Piper Sandler reduced their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Morgan Stanley upped their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Thursday, February 13th. Finally, UBS Group upped their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Stock Down 0.1 %

Shares of Coca-Cola stock opened at $70.03 on Friday. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The stock has a market capitalization of $301.69 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 3.79 and a beta of 0.61. The business’s 50 day simple moving average is $63.54 and its 200-day simple moving average is $66.41. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Equities research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share 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.