Silver Oak Securities Incorporated Sells 2,154 Shares of The Coca-Cola Company (NYSE:KO)

Silver Oak Securities Incorporated cut its holdings in The Coca-Cola Company (NYSE:KO) by 17.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,196 shares of the company’s stock after selling 2,154 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Coca-Cola were worth $632,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Hara Capital LLC bought a new stake in Coca-Cola during the third quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Coca-Cola in the third quarter worth $36,000. MidAtlantic Capital Management Inc. acquired a new position in Coca-Cola in the 3rd quarter valued at $43,000. Retirement Wealth Solutions LLC bought a new position in Coca-Cola in the 4th quarter worth $37,000. Finally, MilWealth Group LLC acquired a new position in Coca-Cola during the 4th quarter worth $40,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Up 0.8 %

Shares of KO opened at $63.84 on Friday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The stock has a market cap of $275.03 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 3.56 and a beta of 0.61. The company has a 50-day moving average price of $62.54 and a two-hundred day moving average price of $66.32. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KO. TD Cowen 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 Wednesday, January 8th. UBS Group dropped their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley reduced their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a research report on Thursday. Finally, Piper Sandler reduced their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.19.

About Coca-Cola

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.