RMR Wealth Builders Sells 17,529 Shares of The Coca-Cola Company (NYSE:KO)

RMR Wealth Builders lessened its stake in shares of The Coca-Cola Company (NYSE:KO) by 47.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,320 shares of the company’s stock after selling 17,529 shares during the period. RMR Wealth Builders’ holdings in Coca-Cola were worth $1,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Essex Savings Bank raised its position in shares of Coca-Cola by 10.4% during the fourth quarter. Essex Savings Bank now owns 20,520 shares of the company’s stock worth $1,278,000 after purchasing an additional 1,940 shares during the period. Stolper Co raised its holdings in shares of Coca-Cola by 1.4% in the 4th quarter. Stolper Co now owns 102,192 shares of the company’s stock worth $6,362,000 after acquiring an additional 1,382 shares during the last quarter. BluePath Capital Management LLC lifted its position in Coca-Cola by 21.6% in the 4th quarter. BluePath Capital Management LLC now owns 34,126 shares of the company’s stock valued at $2,104,000 after acquiring an additional 6,071 shares in the last quarter. Sawyer & Company Inc increased its holdings in Coca-Cola by 61.4% during the 4th quarter. Sawyer & Company Inc now owns 1,209 shares of the company’s stock worth $75,000 after purchasing an additional 460 shares in the last quarter. Finally, Roble Belko & Company Inc raised its stake in shares of Coca-Cola by 10,000.0% in the fourth quarter. Roble Belko & Company Inc now owns 1,010 shares of the company’s stock worth $63,000 after purchasing an additional 1,000 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Coca-Cola Trading Down 0.5 %

Shares of KO stock opened at $61.71 on Thursday. The company has a market cap of $265.83 billion, a PE ratio of 25.50, a price-to-earnings-growth 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 stock’s 50 day simple moving average is $62.78 and its two-hundred day simple moving average is $66.47. 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 issued its earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The business had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company posted $0.74 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the company’s 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 of the company’s stock, valued at $21,933,220.38. This represents a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KO. Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Barclays reduced their price objective on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley dropped their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.60.

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.