MKT Advisors LLC Sells 230 Shares of The Coca-Cola Company (NYSE:KO)

MKT Advisors LLC lessened its stake in shares of The Coca-Cola Company (NYSE:KO) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,909 shares of the company’s stock after selling 230 shares during the quarter. MKT Advisors LLC’s holdings in Coca-Cola were worth $245,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Vista Investment Partners LLC boosted its stake in Coca-Cola by 2.2% during the 4th quarter. Vista Investment Partners LLC now owns 25,624 shares of the company’s stock valued at $1,595,000 after purchasing an additional 551 shares during the period. Crescent Grove Advisors LLC boosted its stake in Coca-Cola by 15.8% during the 4th quarter. Crescent Grove Advisors LLC now owns 8,316 shares of the company’s stock valued at $518,000 after purchasing an additional 1,135 shares during the period. Marshall Financial Group LLC boosted its stake in Coca-Cola by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 7,643 shares of the company’s stock valued at $476,000 after purchasing an additional 175 shares during the period. Smith Chas P & Associates PA Cpas boosted its stake in Coca-Cola by 3.0% during the 4th quarter. Smith Chas P & Associates PA Cpas now owns 21,820 shares of the company’s stock valued at $1,359,000 after purchasing an additional 642 shares during the period. Finally, Moody Lynn & Lieberson LLC raised its holdings in Coca-Cola by 1.7% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 145,366 shares of the company’s stock valued at $9,050,000 after acquiring an additional 2,410 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola 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 value of $6,403,000.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.7 %

NYSE KO opened at $61.98 on Friday. The firm has a market cap of $267.01 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The stock’s 50 day simple moving average is $62.62 and its 200 day simple moving average is $66.36. 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 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 return on equity of 44.01% and a net margin of 22.45%. Coca-Cola’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.74 EPS. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Morgan Stanley cut their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Truist Financial upped their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company cut their price target 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, TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, January 8th. Two investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.