Roxbury Financial LLC Invests $999,000 in The Coca-Cola Company (NYSE:KO)

Roxbury Financial LLC bought a new stake in The Coca-Cola Company (NYSE:KO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,588 shares of the company’s stock, valued at approximately $999,000.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning grew its holdings in Coca-Cola by 4.0% during the third quarter. Creative Planning now owns 1,852,532 shares of the company’s stock worth $133,123,000 after buying an additional 70,604 shares in the last quarter. Greenup Street Wealth Management LLC bought a new stake in Coca-Cola in the third quarter worth about $234,000. Cardinal Capital Management raised its holdings in shares of Coca-Cola by 0.3% in the 3rd quarter. Cardinal Capital Management now owns 81,765 shares of the company’s stock worth $5,915,000 after purchasing an additional 220 shares during the period. Trust Co. of Vermont lifted its position in shares of Coca-Cola by 14.9% during the 3rd quarter. Trust Co. of Vermont now owns 79,045 shares of the company’s stock valued at $5,680,000 after buying an additional 10,229 shares during the last quarter. Finally, Vista Investment Partners LLC lifted its holdings in Coca-Cola by 0.7% during the third quarter. Vista Investment Partners LLC now owns 25,073 shares of the company’s stock valued at $1,802,000 after purchasing an additional 167 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on KO. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. UBS Group raised their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Two investment 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’s stock. According to data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Price Performance

Shares of NYSE KO opened at $68.85 on Friday. The company’s 50-day moving average is $62.90 and its 200 day moving average is $66.36. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a market capitalization of $296.59 billion, a P/E ratio of 28.45, a P/E/G ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. On average, sell-side analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current 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.