N.E.W. Advisory Services LLC Grows Stock Holdings in The Coca-Cola Company (NYSE:KO)

N.E.W. Advisory Services LLC increased its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,285 shares of the company’s stock after buying an additional 175 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Coca-Cola were worth $640,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Coca-Cola in the 2nd quarter valued at approximately $27,000. Hara Capital LLC purchased a new stake in Coca-Cola in the 3rd quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Coca-Cola in the 3rd quarter valued at approximately $36,000. MidAtlantic Capital Management Inc. purchased a new stake in Coca-Cola in the 3rd quarter valued at approximately $43,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In other 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 directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KO has been the subject of a number of research reports. UBS Group reduced their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. 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. Wells Fargo & Company reduced their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $75.00 in a research report on Thursday. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $72.13.

Coca-Cola Trading Down 0.9 %

Shares of KO opened at $63.46 on Friday. The stock has a fifty day moving average of $62.65 and a two-hundred day moving average of $66.37. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The company has a market capitalization of $273.38 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53.

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.