Everpar Advisors LLC Has $1.04 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Everpar Advisors LLC lowered its holdings in shares of The Coca-Cola Company (NYSE:KO) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,634 shares of the company’s stock after selling 349 shares during the period. Everpar Advisors LLC’s holdings in Coca-Cola were worth $1,036,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Tompkins Financial Corp increased its stake in Coca-Cola by 1.6% in the fourth quarter. Tompkins Financial Corp now owns 29,314 shares of the company’s stock valued at $1,825,000 after purchasing an additional 454 shares in the last quarter. Woodstock Corp grew its stake in shares of Coca-Cola by 1.6% in the 4th quarter. Woodstock Corp now owns 50,294 shares of the company’s stock valued at $3,131,000 after buying an additional 797 shares during the period. Sard Wealth Management Group LLC increased its position in Coca-Cola by 12.3% in the 4th quarter. Sard Wealth Management Group LLC now owns 9,830 shares of the company’s stock valued at $612,000 after buying an additional 1,075 shares in the last quarter. KMG Fiduciary Partners LLC raised its stake in Coca-Cola by 2.8% during the 4th quarter. KMG Fiduciary Partners LLC now owns 193,353 shares of the company’s stock worth $12,038,000 after buying an additional 5,345 shares during the period. Finally, Decker Retirement Planning Inc. bought a new position in Coca-Cola in the fourth quarter worth approximately $114,000. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Performance

Shares of KO opened at $62.27 on Friday. The stock has a 50 day moving average of $62.74 and a 200 day moving average of $66.44. 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 company has a market capitalization of $268.23 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 3.35 and a beta of 0.61.

Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (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 analyst estimates of $11.61 billion. During the same period last year, the firm posted $0.74 EPS. The business’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KO shares. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Morgan Stanley lowered their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Barclays reduced their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler assumed coverage on Coca-Cola in a research note on Tuesday, January 7th. They set an “overweight” rating and a $74.00 price target for the company. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.