Relyea Zuckerberg Hanson LLC Has $2.22 Million Holdings in The Coca-Cola Company (NYSE:KO)

Relyea Zuckerberg Hanson LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 92.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,584 shares of the company’s stock after buying an additional 17,118 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Coca-Cola were worth $2,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Avanza Fonder AB acquired a new position in shares of Coca-Cola in the 4th quarter valued at $25,193,000. Wealthcare Advisory Partners LLC lifted its holdings in Coca-Cola by 1.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 42,341 shares of the company’s stock worth $2,636,000 after acquiring an additional 423 shares in the last quarter. Procyon Advisors LLC grew its stake in Coca-Cola by 7.4% in the fourth quarter. Procyon Advisors LLC now owns 70,839 shares of the company’s stock valued at $4,410,000 after acquiring an additional 4,908 shares during the period. Tompkins Financial Corp increased its holdings in shares of Coca-Cola by 1.6% in the fourth quarter. Tompkins Financial Corp now owns 29,314 shares of the company’s stock worth $1,825,000 after acquiring an additional 454 shares in the last quarter. Finally, Woodstock Corp raised its position in shares of Coca-Cola by 1.6% during the fourth quarter. Woodstock Corp now owns 50,294 shares of the company’s stock worth $3,131,000 after purchasing an additional 797 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 0.2 %

KO stock traded up $0.11 during mid-day trading on Friday, reaching $62.36. The company had a trading volume of 3,313,299 shares, compared to its average volume of 14,774,077. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The company has a market capitalization of $268.64 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 3.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $62.74 and a two-hundred day simple moving average of $66.44.

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

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of Coca-Cola 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 transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley decreased 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. 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 report on Thursday. Barclays dropped their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Piper Sandler began coverage on Coca-Cola in a report on Tuesday, January 7th. They set an “overweight” rating and a $74.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.60.

Coca-Cola Company 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.