Nicholson Wealth Management Group LLC Sells 904 Shares of The Coca-Cola Company (NYSE:KO)

Nicholson Wealth Management Group LLC lessened its position in shares of The Coca-Cola Company (NYSE:KO) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,918 shares of the company’s stock after selling 904 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Coca-Cola were worth $555,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Tandem Investment Advisors Inc. raised its stake in Coca-Cola by 6.3% during the fourth quarter. Tandem Investment Advisors Inc. now owns 10,143 shares of the company’s stock worth $632,000 after buying an additional 603 shares during the last quarter. Capital Investment Counsel Inc grew its holdings in Coca-Cola by 5.5% in the fourth quarter. Capital Investment Counsel Inc now owns 129,456 shares of the company’s stock worth $8,060,000 after purchasing an additional 6,801 shares during the period. Parcion Private Wealth LLC grew its holdings in Coca-Cola by 4.7% in the fourth quarter. Parcion Private Wealth LLC now owns 116,157 shares of the company’s stock worth $7,232,000 after purchasing an additional 5,254 shares during the period. Flossbach Von Storch SE grew its holdings in Coca-Cola by 9.6% in the fourth quarter. Flossbach Von Storch SE now owns 1,110,669 shares of the company’s stock worth $69,150,000 after purchasing an additional 97,659 shares during the period. Finally, Morningstar Investment Management LLC grew its holdings in Coca-Cola by 7.3% in the fourth quarter. Morningstar Investment Management LLC now owns 11,825 shares of the company’s stock worth $736,000 after purchasing an additional 805 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Down 0.1 %

KO opened at $70.03 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The company’s 50-day moving average is $63.54 and its 200 day moving average is $66.41. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The firm has a market capitalization of $301.69 billion, a P/E ratio of 28.35, a PEG ratio of 3.79 and a beta of 0.61.

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 analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Research analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KO has been the subject of a number of research reports. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, January 8th. 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. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Finally, DZ Bank upgraded shares of 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, February 13th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus 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.