V Square Quantitative Management LLC Has $5.29 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

V Square Quantitative Management LLC grew its holdings in The Coca-Cola Company (NYSE:KO) by 13.7% during the fourth quarter, Holdings Channel reports. The firm owned 84,912 shares of the company’s stock after acquiring an additional 10,228 shares during the quarter. Coca-Cola comprises about 0.8% of V Square Quantitative Management LLC’s holdings, making the stock its 15th largest position. V Square Quantitative Management LLC’s holdings in Coca-Cola were worth $5,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hara Capital LLC acquired a new position in Coca-Cola during the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Coca-Cola during the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola during the 4th quarter worth approximately $37,000. MilWealth Group LLC bought a new stake in Coca-Cola during the 4th quarter worth approximately $40,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola during the 3rd quarter worth approximately $43,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Price Performance

Shares of NYSE KO opened at $69.48 on Friday. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The firm has a market cap of $299.28 billion, a P/E ratio of 28.71, a PEG ratio of 3.55 and a beta of 0.61. The company has a 50 day moving average of $62.76 and a 200 day moving average of $66.33. 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 data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. As a group, research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on KO. Royal Bank of Canada reissued an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a report on Thursday, February 6th. Barclays upped their target price on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday. Finally, TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. Two investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.