Long Run Wealth Advisors LLC Sells 170 Shares of The Coca-Cola Company (NYSE:KO)

Long Run Wealth Advisors LLC lowered its holdings in shares of The Coca-Cola Company (NYSE:KO) by 4.7% during the fourth quarter, Holdings Channel reports. The firm owned 3,436 shares of the company’s stock after selling 170 shares during the period. Long Run Wealth Advisors LLC’s holdings in Coca-Cola were worth $214,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hara Capital LLC bought a new stake in Coca-Cola during the third quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Coca-Cola during the 3rd quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola during the 4th quarter valued at approximately $37,000. MilWealth Group LLC acquired a new stake in Coca-Cola in the 4th quarter valued at approximately $40,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Coca-Cola in the 3rd quarter worth approximately $43,000. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction dated 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 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 SEC, which is accessible through this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Price Performance

Shares of KO stock opened at $63.13 on Thursday. The stock’s fifty day moving average is $62.59 and its 200-day moving average is $66.36. The stock has a market capitalization of $271.94 billion, a PE ratio of 26.09, a PEG ratio of 3.56 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. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KO shares. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. UBS Group decreased their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Finally, Morgan Stanley reduced their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

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.