The Coca-Cola Company (NYSE:KO) Shares Bought by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas raised its holdings in shares of The Coca-Cola Company (NYSE:KO) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,820 shares of the company’s stock after purchasing an additional 642 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Coca-Cola were worth $1,359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KO. The Manufacturers Life Insurance Company grew its holdings in shares of Coca-Cola by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,393,352 shares of the company’s stock valued at $152,337,000 after buying an additional 22,623 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Coca-Cola during the 2nd quarter valued at about $23,985,000. Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Coca-Cola by 29.2% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,878 shares of the company’s stock valued at $120,000 after purchasing an additional 425 shares during the period. Texas Capital Bank Wealth Management Services Inc raised its stake in shares of Coca-Cola by 64.0% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,704 shares of the company’s stock worth $363,000 after purchasing an additional 2,226 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in shares of Coca-Cola by 13.9% during the second quarter. Kathmere Capital Management LLC now owns 5,605 shares of the company’s stock worth $357,000 after purchasing an additional 683 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the subject of a number of recent research reports. 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 report on Wednesday, October 16th. Piper Sandler decreased their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday. Barclays cut their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company decreased their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, UBS Group dropped their target price on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.07.

Coca-Cola Price Performance

Shares of Coca-Cola stock opened at $61.98 on Friday. The stock has a market capitalization of $267.01 billion, a P/E ratio of 25.61, a PEG ratio of 3.38 and a beta of 0.61. The business has a 50 day simple moving average of $62.62 and a two-hundred day simple moving average of $66.36. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The firm had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the company earned $0.74 EPS. The firm’s revenue was down .8% compared to the same quarter last year. As a group, analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Insider Transactions at Coca-Cola

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

Coca-Cola Company 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.