The Coca-Cola Company (NYSE:KO) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 40.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,280 shares of the company’s stock after selling 34,825 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Coca-Cola were worth $3,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Quarry LP bought a new position in Coca-Cola in the 2nd quarter valued at about $27,000. Hara Capital LLC bought a new position in shares of Coca-Cola in the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Coca-Cola during the third quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola during the fourth quarter worth approximately $37,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Coca-Cola in the third quarter worth approximately $43,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO opened at $61.98 on Monday. The company has a market capitalization of $267.01 billion, a PE ratio of 25.61, a PEG ratio of 3.38 and a beta of 0.61. 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 company’s 50 day moving average price is $62.62 and its 200 day moving average price is $66.39. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.

Wall Street Analysts Forecast Growth

KO has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Piper Sandler cut their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday. Morgan Stanley dropped their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Barclays reduced their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, 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. Two 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 currently has a consensus rating of “Moderate Buy” and an average price target of $72.07.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is currently owned by corporate insiders.

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.