MTM Investment Management LLC Sells 4,664 Shares of The Coca-Cola Company (NYSE:KO)

MTM Investment Management LLC lessened its stake in The Coca-Cola Company (NYSE:KO) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,468 shares of the company’s stock after selling 4,664 shares during the period. Coca-Cola comprises 1.2% of MTM Investment Management LLC’s portfolio, making the stock its 19th biggest holding. MTM Investment Management LLC’s holdings in Coca-Cola were worth $3,142,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Hara Capital LLC bought a new position in Coca-Cola during the third quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Coca-Cola during the third quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in Coca-Cola during the fourth quarter worth about $37,000. MilWealth Group LLC bought a new position in Coca-Cola during the fourth quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Coca-Cola during the third quarter worth about $43,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 1.7 %

Shares of NYSE KO opened at $68.73 on Thursday. The stock has a market cap of $296.08 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company’s fifty day moving average is $62.63 and its 200-day moving average is $66.32. 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 posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. Equities research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Truist Financial raised their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. UBS Group lifted their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday. TD Cowen raised 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. Finally, Barclays lowered their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $73.41.

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.