RFG Advisory LLC Sells 5,087 Shares of The Coca-Cola Company (NYSE:KO)

RFG Advisory LLC trimmed its position in The Coca-Cola Company (NYSE:KO) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,923 shares of the company’s stock after selling 5,087 shares during the period. RFG Advisory LLC’s holdings in Coca-Cola were worth $4,167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Silver Lake Advisory LLC grew its position in Coca-Cola by 1.3% in the fourth quarter. Silver Lake Advisory LLC now owns 27,115 shares of the company’s stock valued at $1,688,000 after purchasing an additional 343 shares in the last quarter. MFA Wealth Services acquired a new position in shares of Coca-Cola during the 4th quarter worth about $357,000. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Coca-Cola by 8.9% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 16,592 shares of the company’s stock valued at $1,033,000 after acquiring an additional 1,359 shares in the last quarter. Wells Trecaso Financial Group LLC increased its position in shares of Coca-Cola by 4.8% in the fourth quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company’s stock valued at $225,000 after acquiring an additional 164 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in Coca-Cola by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 117,359 shares of the company’s stock worth $7,307,000 after acquiring an additional 4,288 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Down 0.4 %

KO stock opened at $61.54 on Friday. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week 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. The stock has a market capitalization of $265.08 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.38 and a beta of 0.61. The business’s fifty day moving average price is $62.63 and its two-hundred day moving average price is $66.40.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. Coca-Cola’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share. On average, equities analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KO. Barclays lowered 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. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Finally, UBS Group dropped their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus price target of $72.07.

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.