Sawyer & Company Inc Grows Holdings in The Coca-Cola Company (NYSE:KO)

Sawyer & Company Inc raised its position in The Coca-Cola Company (NYSE:KO) by 61.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,209 shares of the company’s stock after buying an additional 460 shares during the period. Sawyer & Company Inc’s holdings in Coca-Cola were worth $75,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in Coca-Cola by 9.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company’s stock valued at $233,000 after purchasing an additional 329 shares during the period. One Capital Management LLC purchased a new stake in Coca-Cola during the second quarter worth about $482,000. WealthPLAN Partners LLC raised its position in Coca-Cola by 2.2% in the second quarter. WealthPLAN Partners LLC now owns 17,649 shares of the company’s stock worth $1,123,000 after acquiring an additional 382 shares during the period. Financial & Tax Architects LLC boosted its stake in Coca-Cola by 4.6% in the second quarter. Financial & Tax Architects LLC now owns 97,096 shares of the company’s stock valued at $6,180,000 after acquiring an additional 4,233 shares during the last quarter. Finally, E Fund Management Co. Ltd. grew its position in shares of Coca-Cola by 12.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 25,150 shares of the company’s stock valued at $1,601,000 after acquiring an additional 2,798 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the transaction, the chief executive officer now owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

KO opened at $61.71 on Thursday. The stock has a market capitalization 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 has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The stock has a 50-day moving average price of $62.78 and a 200-day moving average price of $66.47.

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

Wall Street Analyst Weigh In

KO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of 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 report on Thursday, December 12th. Barclays dropped their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Morgan Stanley decreased their price objective on 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 began coverage on shares of Coca-Cola in a report on Tuesday, January 7th. They set an “overweight” rating and a $74.00 price objective on the stock. Finally, TD Cowen 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 Wednesday, January 8th. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.60.

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.