Sunpointe LLC Has $421,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Sunpointe LLC lifted its position in The Coca-Cola Company (NYSE:KO) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,766 shares of the company’s stock after buying an additional 887 shares during the quarter. Sunpointe LLC’s holdings in Coca-Cola were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KO. Howard Capital Management Group LLC lifted its holdings in shares of Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after buying an additional 2,069 shares during the last quarter. Foundations Investment Advisors LLC increased its position in Coca-Cola by 12.6% during the third quarter. Foundations Investment Advisors LLC now owns 54,246 shares of the company’s stock worth $3,898,000 after acquiring an additional 6,089 shares during the period. Calton & Associates Inc. acquired a new position in Coca-Cola during the 3rd quarter valued at $407,000. Sequoia Financial Advisors LLC boosted its holdings in Coca-Cola by 35.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 143,561 shares of the company’s stock valued at $10,319,000 after purchasing an additional 37,632 shares during the period. Finally, BLB&B Advisors LLC grew its position in Coca-Cola by 38.3% in the 3rd quarter. BLB&B Advisors LLC now owns 50,921 shares of the company’s stock worth $3,659,000 after purchasing an additional 14,110 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KO has been the subject of several research reports. Morgan Stanley increased their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their price objective on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a research report on Thursday, February 6th. Evercore ISI raised their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, UBS Group boosted their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $73.82.

Coca-Cola Stock Up 1.5 %

Shares of KO opened at $70.11 on Thursday. The company has a market capitalization of $302.00 billion, a P/E ratio of 28.38, a PEG ratio of 3.73 and a beta of 0.61. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The business’s 50 day simple moving average is $63.42 and its 200-day simple moving average is $66.39. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. As a group, sell-side analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal 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.