The Coca-Cola Co (NYSE:KO) Stock Holdings Lifted by Spearhead Capital Advisors LLC

Spearhead Capital Advisors LLC raised its stake in The Coca-Cola Co (NYSE:KO) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,765 shares of the company’s stock after buying an additional 3,361 shares during the period. Spearhead Capital Advisors LLC’s holdings in The Coca-Cola were worth $4,913,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp raised its stake in The Coca-Cola by 1.3% during the 3rd quarter. State Street Corp now owns 181,621,433 shares of the company’s stock valued at $9,959,624,000 after purchasing an additional 2,412,293 shares during the period. California Public Employees Retirement System raised its stake in The Coca-Cola by 0.7% during the 4th quarter. California Public Employees Retirement System now owns 24,612,179 shares of the company’s stock valued at $1,362,284,000 after purchasing an additional 175,141 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in The Coca-Cola by 3.7% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,806,390 shares of the company’s stock valued at $930,234,000 after purchasing an additional 593,535 shares during the period. Parametric Portfolio Associates LLC raised its stake in The Coca-Cola by 3.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 12,325,827 shares of the company’s stock valued at $671,018,000 after purchasing an additional 445,296 shares during the period. Finally, Principal Financial Group Inc. raised its stake in The Coca-Cola by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 8,937,962 shares of the company’s stock valued at $494,716,000 after purchasing an additional 160,880 shares during the period. 67.58% of the stock is currently owned by institutional investors.

Shares of The Coca-Cola stock traded up $0.34 on Friday, hitting $59.95. 9,964,966 shares of the company traded hands, compared to its average volume of 12,463,828. The company has a 50-day moving average price of $56.84 and a 200 day moving average price of $54.61. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 1.30. The Coca-Cola Co has a 12-month low of $44.42 and a 12-month high of $60.07. The company has a market cap of $256.00 billion, a PE ratio of 28.96, a PEG ratio of 3.66 and a beta of 0.41.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. The firm had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $8.88 billion. The Coca-Cola had a net margin of 24.38% and a return on equity of 44.39%. The Coca-Cola’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Equities research analysts anticipate that The Coca-Cola Co will post 2.26 EPS for the current year.

In related news, SVP Nancy Quan sold 10,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the senior vice president now directly owns 175,049 shares in the company, valued at $8,052,254. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brian John Smith sold 32,808 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $58.00, for a total transaction of $1,902,864.00. Following the completion of the sale, the chief operating officer now owns 147,110 shares of the company’s stock, valued at $8,532,380. The disclosure for this sale can be found here. Insiders sold 178,097 shares of company stock valued at $9,887,839 over the last quarter. 1.33% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on KO. Royal Bank of Canada boosted their price target on shares of The Coca-Cola from $60.00 to $66.00 and gave the company a “positive” rating in a report on Friday, January 31st. Evercore ISI restated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a report on Sunday, November 17th. Bank of America boosted their price target on shares of The Coca-Cola from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, January 31st. Morgan Stanley boosted their price target on shares of The Coca-Cola from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group boosted their price target on shares of The Coca-Cola from $63.00 to $65.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The Coca-Cola presently has a consensus rating of “Buy” and a consensus price target of $59.58.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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