6,613 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Asset Planning Inc

Asset Planning Inc bought a new position in shares of The Coca-Cola Company (NYSE:KO) in the fourth quarter, Holdings Channel reports. The fund bought 6,613 shares of the company’s stock, valued at approximately $412,000.

A number of other large investors have also recently added to or reduced their stakes in KO. Creative Planning lifted its position in shares of Coca-Cola by 4.0% in the 3rd quarter. Creative Planning now owns 1,852,532 shares of the company’s stock valued at $133,123,000 after acquiring an additional 70,604 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its position in shares of Coca-Cola by 24.0% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 10,094 shares of the company’s stock valued at $725,000 after acquiring an additional 1,955 shares in the last quarter. Amplius Wealth Advisors LLC lifted its position in shares of Coca-Cola by 7.8% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 9,049 shares of the company’s stock valued at $650,000 after acquiring an additional 654 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Coca-Cola by 0.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 26,342 shares of the company’s stock valued at $1,893,000 after acquiring an additional 179 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in shares of Coca-Cola by 1.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 113,071 shares of the company’s stock valued at $8,125,000 after acquiring an additional 1,150 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Performance

Shares of KO opened at $69.48 on Friday. The company’s fifty day moving average is $62.76 and its 200-day moving average is $66.33. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The firm has a market cap of $299.28 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last announced its quarterly 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 net margin of 22.45% and a return on equity of 44.01%. Equities analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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 company an “overweight” rating in a research report on Wednesday. Evercore ISI upped their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday. Piper Sandler cut their target price 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. JPMorgan Chase & Co. cut their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.82.

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.