Garde Capital Inc. Takes $588,000 Position in The Coca-Cola Co (KO)
Garde Capital Inc. bought a new position in The Coca-Cola Co (NYSE:KO) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 13,058 shares of the company’s stock, valued at approximately $588,000.
Several other institutional investors have also bought and sold shares of KO. Veritas Investment Management LLP bought a new position in The Coca-Cola during the 3rd quarter valued at about $135,000. Spectrum Management Group Inc. bought a new position in The Coca-Cola during the 3rd quarter valued at about $137,000. Eagle Ridge Investment Management bought a new position in The Coca-Cola during the 2nd quarter valued at about $138,000. Legacy Advisors LLC bought a new position in The Coca-Cola during the 3rd quarter valued at about $139,000. Finally, Almanack Investment Partners LLC. bought a new position in The Coca-Cola during the 2nd quarter valued at about $142,000. Hedge funds and other institutional investors own 65.34% of the company’s stock.
Shares of The Coca-Cola Co (KO) opened at $44.19 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The Coca-Cola Co has a 52-week low of $40.22 and a 52-week high of $48.62. The company has a market cap of $187,341.53, a P/E ratio of 23.26, a P/E/G ratio of 3.54 and a beta of 0.70.
KO has been the topic of several analyst reports. Royal Bank of Canada set a $49.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a report on Sunday, November 12th. Goldman Sachs Group set a $45.00 price target on shares of The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, November 15th. Evercore ISI upgraded shares of The Coca-Cola from an “in-line” rating to an “outperform” rating and upped their price target for the company from $46.04 to $55.00 in a report on Friday, January 12th. Zacks Investment Research downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Co upgraded shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and upped their price target for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company. The Coca-Cola presently has an average rating of “Hold” and a consensus target price of $49.01.
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The Coca-Cola Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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