Cohen Investment Advisors LLC Increases Position in The Coca-Cola Company (NYSE:KO)

Cohen Investment Advisors LLC boosted its position in The Coca-Cola Company (NYSE:KO) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,465 shares of the company’s stock after acquiring an additional 893 shares during the period. Cohen Investment Advisors LLC’s holdings in Coca-Cola were worth $2,146,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Coca-Cola by 9.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company’s stock worth $233,000 after acquiring an additional 329 shares during the period. Waterloo Capital L.P. raised its position in shares of Coca-Cola by 142.1% in the 2nd quarter. Waterloo Capital L.P. now owns 10,584 shares of the company’s stock worth $674,000 after buying an additional 6,213 shares during the period. Seven Eight Capital LP purchased a new stake in Coca-Cola during the second quarter valued at about $995,000. Middleton & Co. Inc. MA increased its stake in Coca-Cola by 8.7% during the second quarter. Middleton & Co. Inc. MA now owns 9,325 shares of the company’s stock worth $594,000 after acquiring an additional 750 shares during the last quarter. Finally, Intrepid Financial Planning Group LLC acquired a new position in shares of Coca-Cola in the 2nd quarter valued at about $201,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Price Performance

NYSE KO opened at $62.27 on Friday. The stock has a market capitalization of $268.23 billion, a P/E ratio of 25.73, a P/E/G ratio of 3.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The business’s fifty day moving average is $62.74 and its two-hundred day moving average is $66.44. 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 Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The business had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the company posted $0.74 EPS. Coca-Cola’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. TD Cowen raised 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. Piper Sandler began coverage on shares of Coca-Cola in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $74.00 price target for the company. Barclays reduced their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company dropped their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.60.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.97% of the stock is owned by insiders.

About Coca-Cola

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.