The Coca-Cola Company (NYSE:KO) Shares Acquired by Traynor Capital Management Inc.

Traynor Capital Management Inc. raised its stake in shares of The Coca-Cola Company (NYSE:KO) by 11.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,794 shares of the company’s stock after buying an additional 593 shares during the period. Traynor Capital Management Inc.’s holdings in Coca-Cola were worth $361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KO. Janney Montgomery Scott LLC lifted its holdings in shares of Coca-Cola by 7.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,610,776 shares of the company’s stock valued at $100,287,000 after buying an additional 105,059 shares during the period. Phillips Wealth Planners LLC boosted its position in shares of Coca-Cola by 9.3% during the 4th quarter. Phillips Wealth Planners LLC now owns 3,717 shares of the company’s stock valued at $227,000 after purchasing an additional 315 shares in the last quarter. Kelleher Financial Advisors boosted its position in shares of Coca-Cola by 2.0% during the 4th quarter. Kelleher Financial Advisors now owns 9,466 shares of the company’s stock valued at $589,000 after purchasing an additional 189 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of Coca-Cola by 20.3% in the 4th quarter. Westside Investment Management Inc. now owns 5,271 shares of the company’s stock worth $328,000 after purchasing an additional 888 shares in the last quarter. Finally, Cetera Trust Company N.A raised its holdings in shares of Coca-Cola by 2.8% in the 4th quarter. Cetera Trust Company N.A now owns 30,221 shares of the company’s stock worth $1,882,000 after purchasing an additional 830 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coca-Cola

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 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 owns 342,546 shares of the company’s stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

KO opened at $61.54 on Friday. 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 1 year low of $57.93 and a 1 year high of $73.53. The stock has a fifty day moving average price of $62.63 and a 200 day moving average price of $66.40. The stock has a market cap of $265.08 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.42 and a beta of 0.61.

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

Analysts Set New Price Targets

KO has been the topic of several recent research reports. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Wells Fargo & Company reduced their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. UBS Group dropped their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Two 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.07.

About Coca-Cola

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.