Marshall Financial Group LLC Grows Stock Holdings in The Coca-Cola Company (NYSE:KO)

Marshall Financial Group LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,643 shares of the company’s stock after buying an additional 175 shares during the period. Marshall Financial Group LLC’s holdings in Coca-Cola were worth $476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KO. The Manufacturers Life Insurance Company grew its holdings in Coca-Cola by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 2,393,352 shares of the company’s stock valued at $152,337,000 after purchasing an additional 22,623 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Coca-Cola during the second quarter worth $23,985,000. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Coca-Cola by 29.2% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,878 shares of the company’s stock valued at $120,000 after acquiring an additional 425 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its stake in shares of Coca-Cola by 64.0% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,704 shares of the company’s stock valued at $363,000 after acquiring an additional 2,226 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in shares of Coca-Cola by 13.9% during the second quarter. Kathmere Capital Management LLC now owns 5,605 shares of the company’s stock valued at $357,000 after acquiring an additional 683 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Up 0.7 %

NYSE KO opened at $61.98 on Friday. The stock has a market cap of $267.01 billion, a PE ratio of 25.61, a P/E/G ratio of 3.38 and a beta of 0.61. The business has a 50 day moving average price of $62.62 and a two-hundred day moving average price of $66.36. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The firm had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm earned $0.74 EPS. Coca-Cola’s quarterly revenue was down .8% on a year-over-year basis. As a group, sell-side analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction 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. The trade was 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. 0.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on KO. Wells Fargo & Company reduced their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Truist Financial lifted their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, UBS Group cut their price objective on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.07.

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.