The Coca-Cola Company (NYSE:KO) Stock Holdings Reduced by Brady Family Wealth LLC

Brady Family Wealth LLC cut its position in shares of The Coca-Cola Company (NYSE:KO) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,056 shares of the company’s stock after selling 508 shares during the period. Brady Family Wealth LLC’s holdings in Coca-Cola were worth $1,186,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased 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 valued at $233,000 after acquiring an additional 329 shares during the last quarter. One Capital Management LLC bought a new stake in Coca-Cola during the second quarter worth approximately $482,000. WealthPLAN Partners LLC boosted its position in Coca-Cola by 2.2% during the second quarter. WealthPLAN Partners LLC now owns 17,649 shares of the company’s stock worth $1,123,000 after purchasing an additional 382 shares during the period. Financial & Tax Architects LLC grew its holdings in Coca-Cola by 4.6% during the second quarter. Financial & Tax Architects LLC now owns 97,096 shares of the company’s stock valued at $6,180,000 after purchasing an additional 4,233 shares during the last quarter. Finally, E Fund Management Co. Ltd. raised its position in shares of Coca-Cola by 12.5% in the second quarter. E Fund Management Co. Ltd. now owns 25,150 shares of the company’s stock valued at $1,601,000 after purchasing an additional 2,798 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola 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 transaction, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

NYSE KO opened at $61.71 on Thursday. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The stock has a market cap of $265.83 billion, a P/E ratio of 25.50, a PEG ratio of 3.35 and a beta of 0.61. The company’s 50-day simple moving average is $62.78 and its 200 day simple moving average is $66.47.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley decreased their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Piper Sandler assumed coverage on Coca-Cola in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $74.00 price objective on the stock. TD Cowen upgraded 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 Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.60.

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.