Advisors Management Group Inc. ADV Has $2.16 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Advisors Management Group Inc. ADV lowered its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,721 shares of the company’s stock after selling 493 shares during the period. Advisors Management Group Inc. ADV’s holdings in Coca-Cola were worth $2,162,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. ARS Wealth Advisors Group LLC lifted its stake in shares of Coca-Cola by 121.0% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 26,641 shares of the company’s stock valued at $1,659,000 after acquiring an additional 14,584 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its position in Coca-Cola by 17.9% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 38,440 shares of the company’s stock valued at $2,393,000 after purchasing an additional 5,836 shares during the last quarter. Alken Asset Management Ltd acquired a new stake in shares of Coca-Cola during the fourth quarter valued at about $689,000. Wolff Wiese Magana LLC grew its holdings in shares of Coca-Cola by 3.8% during the fourth quarter. Wolff Wiese Magana LLC now owns 27,344 shares of the company’s stock worth $1,702,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Smith Anglin Financial LLC increased its stake in shares of Coca-Cola by 0.9% in the fourth quarter. Smith Anglin Financial LLC now owns 23,663 shares of the company’s stock valued at $1,473,000 after buying an additional 207 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KO has been the topic of a number of research reports. TD Cowen raised 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. Morgan Stanley reduced their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Piper Sandler started coverage on Coca-Cola in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $74.00 price target on the stock. Finally, Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.60.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO opened at $61.71 on Thursday. The stock has a 50-day moving average of $62.78 and a 200-day moving average of $66.47. The Coca-Cola Company has a one year low of $57.93 and a one year 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 company has a market cap of $265.83 billion, a PE ratio of 25.50, a P/E/G ratio of 3.83 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 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 the consensus estimate of $11.61 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, equities research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

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.