Childress Capital Advisors LLC Sells 524 Shares of The Coca-Cola Company (NYSE:KO)

Childress Capital Advisors LLC lowered its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,011 shares of the company’s stock after selling 524 shares during the quarter. Childress Capital Advisors LLC’s holdings in Coca-Cola were worth $872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KO. Quarry LP bought a new position in shares of Coca-Cola during the second quarter valued at about $27,000. Czech National Bank increased its stake in Coca-Cola by 6.9% in the 3rd quarter. Czech National Bank now owns 790,169 shares of the company’s stock valued at $56,782,000 after buying an additional 51,339 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Coca-Cola by 25.7% during the 3rd quarter. GAMMA Investing LLC now owns 72,924 shares of the company’s stock worth $5,240,000 after buying an additional 14,907 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Coca-Cola by 0.6% in the 3rd quarter. Diversified Trust Co now owns 553,864 shares of the company’s stock worth $39,801,000 after buying an additional 3,550 shares during the last quarter. Finally, Consilio Wealth Advisors LLC grew its holdings in shares of Coca-Cola by 14.4% in the third quarter. Consilio Wealth Advisors LLC now owns 4,088 shares of the company’s stock valued at $294,000 after acquiring an additional 516 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on KO shares. JPMorgan Chase & Co. dropped their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Barclays cut their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upgraded shares of 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. Piper Sandler dropped their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, UBS Group cut 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, January 16th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.13.

Insider Activity at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is owned by insiders.

Coca-Cola Stock Performance

Coca-Cola stock opened at $63.36 on Tuesday. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. 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 stock has a market cap of $272.95 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. The firm’s fifty day moving average price is $62.65 and its 200-day moving average price is $66.39.

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.