Brandywine Oak Private Wealth LLC Cuts Stock Holdings in The Coca-Cola Company (NYSE:KO)

Brandywine Oak Private Wealth LLC lessened its position in The Coca-Cola Company (NYSE:KO) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,533 shares of the company’s stock after selling 1,265 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in Coca-Cola were worth $1,465,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KO. Trilogy Capital Inc. increased its holdings in shares of Coca-Cola by 2.8% during the 4th quarter. Trilogy Capital Inc. now owns 54,832 shares of the company’s stock worth $3,414,000 after buying an additional 1,493 shares during the last quarter. Inman Jager Wealth Management LLC purchased a new position in Coca-Cola in the 4th quarter valued at approximately $1,540,000. Tyche Wealth Partners LLC increased its stake in shares of Coca-Cola by 3.4% during the fourth quarter. Tyche Wealth Partners LLC now owns 49,447 shares of the company’s stock worth $3,079,000 after buying an additional 1,633 shares during the period. Summit Wealth Partners LLC lifted its position in shares of Coca-Cola by 31.8% during the 4th quarter. Summit Wealth Partners LLC now owns 4,389 shares of the company’s stock worth $273,000 after purchasing an additional 1,058 shares during the last quarter. Finally, Private Management Group Inc. raised its position in shares of Coca-Cola by 15.2% during the 4th quarter. Private Management Group Inc. now owns 5,316 shares of the company’s stock worth $331,000 after acquiring an additional 703 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is owned by company insiders.

Analyst Ratings Changes

KO has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler lowered their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Barclays decreased their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Truist Financial upped their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, TD Cowen upgraded 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 investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average price target of $72.13.

Coca-Cola Price Performance

Shares of NYSE KO opened at $63.13 on Thursday. The business has a 50 day simple moving average of $62.59 and a 200-day simple moving average of $66.36. 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 twelve month low of $57.93 and a twelve month high of $73.53. The company has a market capitalization of $271.94 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61.

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.