The Coca-Cola Company (NYSE:KO) Shares Purchased by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC lifted its position in The Coca-Cola Company (NYSE:KO) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,647 shares of the company’s stock after acquiring an additional 4,248 shares during the quarter. Coca-Cola accounts for approximately 1.7% of Stokes Capital Advisors LLC’s holdings, making the stock its 27th largest position. Stokes Capital Advisors LLC’s holdings in Coca-Cola were worth $6,391,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KO. Quarry LP bought a new position in Coca-Cola during the 2nd quarter worth $27,000. Hara Capital LLC acquired a new position in shares of Coca-Cola during the third quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola during the third quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola in the 4th quarter worth about $37,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola in the 3rd quarter valued at about $43,000. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Barclays decreased their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday. Truist Financial lifted their target price on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. UBS Group decreased their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised 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 report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Coca-Cola Trading Up 0.8 %

Shares of NYSE:KO opened at $62.76 on Monday. The stock has a market capitalization of $270.34 billion, a price-to-earnings ratio of 25.93, a PEG 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 50 day moving average price of $62.69 and a 200 day moving average price of $66.43. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The business had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company posted $0.74 EPS. The company’s revenue was down .8% compared to the same quarter last year. On average, research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO James Quincey sold 100,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the sale, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.97% of the company’s stock.

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.