Harel Insurance Investments & Financial Services Ltd. Has $200,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Harel Insurance Investments & Financial Services Ltd. lowered its holdings in shares of The Coca-Cola Company (NYSE:KO) by 47.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,210 shares of the company’s stock after selling 2,857 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Coca-Cola were worth $200,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its holdings in shares of Coca-Cola by 18.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 170,161 shares of the company’s stock valued at $10,594,000 after purchasing an additional 26,974 shares during the period. CX Institutional increased its position in Coca-Cola by 17.2% in the 4th quarter. CX Institutional now owns 125,314 shares of the company’s stock valued at $7,802,000 after buying an additional 18,358 shares in the last quarter. Sound Income Strategies LLC raised its stake in Coca-Cola by 16.4% during the 4th quarter. Sound Income Strategies LLC now owns 9,994 shares of the company’s stock worth $622,000 after buying an additional 1,408 shares during the period. LexAurum Advisors LLC boosted its holdings in Coca-Cola by 21.5% in the fourth quarter. LexAurum Advisors LLC now owns 6,343 shares of the company’s stock worth $395,000 after acquiring an additional 1,122 shares in the last quarter. Finally, Silver Lake Advisory LLC grew its stake in Coca-Cola by 1.3% in the fourth quarter. Silver Lake Advisory LLC now owns 27,115 shares of the company’s stock valued at $1,688,000 after acquiring an additional 343 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KO shares. Morgan Stanley cut their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Truist Financial raised their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Wells Fargo & Company cut their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.07.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This trade 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 the SEC website. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO stock opened at $61.98 on Friday. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The firm’s 50-day simple moving average is $62.62 and its two-hundred day simple moving average is $66.36. The firm has a market cap of $267.01 billion, a price-to-earnings ratio of 25.61, a P/E/G 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.

Coca-Cola (NYSE:KO) last posted 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. 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 for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. Coca-Cola’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current year.

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.