The Coca-Cola Company (NYSE:KO) Shares Acquired by Stolper Co

Stolper Co increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,192 shares of the company’s stock after purchasing an additional 1,382 shares during the period. Coca-Cola accounts for 2.1% of Stolper Co’s investment portfolio, making the stock its 18th largest holding. Stolper Co’s holdings in Coca-Cola were worth $6,362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Coca-Cola by 9.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company’s stock valued at $233,000 after acquiring an additional 329 shares in the last quarter. One Capital Management LLC purchased a new stake in shares of Coca-Cola in the 2nd quarter worth about $482,000. WealthPLAN Partners LLC increased its holdings in Coca-Cola by 2.2% during the 2nd quarter. WealthPLAN Partners LLC now owns 17,649 shares of the company’s stock valued at $1,123,000 after acquiring an additional 382 shares in the last quarter. Financial & Tax Architects LLC raised its position in Coca-Cola by 4.6% during the second quarter. Financial & Tax Architects LLC now owns 97,096 shares of the company’s stock worth $6,180,000 after acquiring an additional 4,233 shares during the last quarter. Finally, E Fund Management Co. Ltd. lifted its holdings in shares of Coca-Cola by 12.5% in the second quarter. E Fund Management Co. Ltd. now owns 25,150 shares of the company’s stock valued at $1,601,000 after purchasing an additional 2,798 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KO. Barclays lowered their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Morgan Stanley dropped 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. Truist Financial upped their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, TD Cowen raised 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. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $72.60.

Coca-Cola Price Performance

Coca-Cola stock opened at $61.71 on Thursday. 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 firm has a market capitalization of $265.83 billion, a P/E ratio of 25.50, a PEG ratio of 3.35 and a beta of 0.61. The firm has a fifty day moving average of $62.78 and a 200-day moving average of $66.47. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53.

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

Insider Activity

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was 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. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.97% of the company’s stock.

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.