Paragon Capital Management Ltd Reduces Stock Position in The Coca-Cola Company (NYSE:KO)

Paragon Capital Management Ltd reduced its position in shares of The Coca-Cola Company (NYSE:KO) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,833 shares of the company’s stock after selling 544 shares during the period. Paragon Capital Management Ltd’s holdings in Coca-Cola were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KO. Massachusetts Financial Services Co. MA raised its stake in Coca-Cola by 9.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company’s stock worth $233,000 after buying an additional 329 shares in the last quarter. One Capital Management LLC bought a new position in shares of Coca-Cola during the second quarter valued at approximately $482,000. WealthPLAN Partners LLC increased its stake in shares of Coca-Cola by 2.2% during the second quarter. WealthPLAN Partners LLC now owns 17,649 shares of the company’s stock valued at $1,123,000 after purchasing an additional 382 shares in the last quarter. Financial & Tax Architects LLC increased its stake in shares of Coca-Cola by 4.6% during the second quarter. Financial & Tax Architects LLC now owns 97,096 shares of the company’s stock valued at $6,180,000 after purchasing an additional 4,233 shares in the last quarter. Finally, E Fund Management Co. Ltd. increased its position in shares of Coca-Cola by 12.5% during the second quarter. E Fund Management Co. Ltd. now owns 25,150 shares of the company’s stock valued at $1,601,000 after acquiring an additional 2,798 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola 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 sale, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.97% of the stock is currently owned by insiders.

Coca-Cola Trading Down 0.5 %

Shares of Coca-Cola stock opened at $61.71 on Thursday. The company’s fifty day simple moving average is $62.78 and its 200-day simple moving average is $66.47. The stock has a market capitalization of $265.83 billion, a PE ratio of 25.50, a P/E/G ratio of 3.35 and a beta of 0.61. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $11.85 billion for the quarter, compared to the consensus estimate 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 was down .8% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KO shares. Morgan Stanley reduced their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Barclays reduced their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. 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 report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Finally, TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.60.

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.