Montz Harcus Wealth Management LLC Sells 253 Shares of The Coca-Cola Company (NYSE:KO)

Montz Harcus Wealth Management LLC trimmed its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,977 shares of the company’s stock after selling 253 shares during the quarter. Montz Harcus Wealth Management LLC’s holdings in Coca-Cola were worth $497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KO. Redhawk Wealth Advisors Inc. grew its holdings in Coca-Cola by 41.3% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 8,464 shares of the company’s stock worth $608,000 after acquiring an additional 2,475 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of Coca-Cola by 65.6% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,145 shares of the company’s stock worth $801,000 after purchasing an additional 4,415 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Coca-Cola in the third quarter worth $58,000. Fiduciary Alliance LLC increased its holdings in Coca-Cola by 35.6% in the third quarter. Fiduciary Alliance LLC now owns 9,690 shares of the company’s stock valued at $696,000 after purchasing an additional 2,542 shares during the period. Finally, CX Institutional raised its position in Coca-Cola by 13.4% during the 3rd quarter. CX Institutional now owns 106,956 shares of the company’s stock worth $7,686,000 after purchasing an additional 12,640 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays lowered their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Piper Sandler dropped their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised 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 research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

Coca-Cola Stock Performance

Shares of KO stock opened at $67.61 on Wednesday. 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 firm has a fifty day simple moving average of $62.55 and a two-hundred day simple moving average of $66.31. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The firm has a market capitalization of $291.27 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. Analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

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.