Flossbach Von Storch SE Increases Stock Position in The Coca-Cola Company (NYSE:KO)

Flossbach Von Storch SE raised its holdings in The Coca-Cola Company (NYSE:KO) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,110,669 shares of the company’s stock after purchasing an additional 97,659 shares during the period. Flossbach Von Storch SE’s holdings in Coca-Cola were worth $69,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Hara Capital LLC purchased a new position in shares of Coca-Cola during the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola during the third quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Coca-Cola during the fourth quarter worth approximately $37,000. MilWealth Group LLC acquired a new position in Coca-Cola during the fourth quarter worth approximately $40,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in Coca-Cola during the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 1.5 %

NYSE KO opened at $70.11 on Thursday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The company has a market capitalization of $302.00 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 3.74 and a beta of 0.61. The company’s fifty day moving average price is $63.42 and its two-hundred day moving average price is $66.39.

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

Analysts Set New Price Targets

KO has been the subject of several research analyst reports. Wells Fargo & Company upped their price target 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. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Thursday, February 13th. Piper Sandler dropped their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. UBS Group upped their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Barclays increased their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $73.82.

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.