The Coca-Cola Company (NYSE:KO) Shares Acquired by Krilogy Financial LLC

Krilogy Financial LLC lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,964 shares of the company’s stock after buying an additional 690 shares during the period. Krilogy Financial LLC’s holdings in Coca-Cola were worth $683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC increased its holdings in Coca-Cola by 1.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 61,322 shares of the company’s stock valued at $3,818,000 after purchasing an additional 1,166 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Coca-Cola by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 515,154 shares of the company’s stock valued at $32,073,000 after acquiring an additional 12,214 shares in the last quarter. Financial & Tax Architects LLC grew its stake in shares of Coca-Cola by 7.9% during the fourth quarter. Financial & Tax Architects LLC now owns 100,629 shares of the company’s stock valued at $6,265,000 after acquiring an additional 7,362 shares in the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of Coca-Cola by 5.2% during the fourth quarter. Premier Path Wealth Partners LLC now owns 13,300 shares of the company’s stock valued at $828,000 after acquiring an additional 652 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its position in shares of Coca-Cola by 4.0% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 69,488 shares of the company’s stock worth $4,326,000 after purchasing an additional 2,683 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Trading Up 0.8 %

Coca-Cola stock opened at $62.76 on Monday. The company has a 50 day moving average price of $62.69 and a 200 day moving average price of $66.43. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The firm has a market capitalization of $270.34 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 3.35 and a beta of 0.61.

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

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction on 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 completion of the sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised shares of 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 report on Thursday, December 12th. Barclays dropped their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday. Truist Financial raised their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Piper Sandler began coverage on shares of Coca-Cola in a research note on Tuesday, January 7th. They set an “overweight” rating and a $74.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

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.