Bogart Wealth LLC Raises Position in The Coca-Cola Company (NYSE:KO)

Bogart Wealth LLC lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,202 shares of the company’s stock after buying an additional 14,925 shares during the period. Bogart Wealth LLC’s holdings in Coca-Cola were worth $6,488,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KO. Hara Capital LLC purchased a new position in Coca-Cola during the 3rd quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola during the third quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola during the fourth quarter valued at about $37,000. MilWealth Group LLC purchased a new position in Coca-Cola during the fourth quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola in the 3rd quarter worth about $43,000. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KO. DZ Bank upgraded 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 Thursday. JPMorgan Chase & Co. cut their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company upped their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley increased their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday. Two investment 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Trading Up 1.1 %

Shares of KO stock opened at $69.48 on Friday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company’s fifty day simple moving average is $62.76 and its two-hundred day simple moving average is $66.33. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a market capitalization of $299.28 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 3.55 and a beta of 0.61.

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 44.01% and a net margin of 22.45%. As a group, 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.