Charles Schwab Trust Co Makes New Investment in The Coca-Cola Company (NYSE:KO)

Charles Schwab Trust Co acquired a new stake in The Coca-Cola Company (NYSE:KO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,216 shares of the company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its holdings in shares of Coca-Cola by 10.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 895,068 shares of the company’s stock worth $55,727,000 after buying an additional 87,920 shares in the last quarter. Royal Fund Management LLC raised its stake in Coca-Cola by 29.0% during the fourth quarter. Royal Fund Management LLC now owns 32,493 shares of the company’s stock worth $2,027,000 after acquiring an additional 7,313 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in Coca-Cola during the fourth quarter worth $43,000. Ballentine Partners LLC boosted its stake in shares of Coca-Cola by 1.8% in the 4th quarter. Ballentine Partners LLC now owns 81,972 shares of the company’s stock valued at $5,104,000 after purchasing an additional 1,468 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. grew its holdings in shares of Coca-Cola by 0.5% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,345,087 shares of the company’s stock worth $83,745,000 after purchasing an additional 6,120 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on KO. Truist Financial lifted their price target 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. Barclays cut their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. UBS Group cut their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Wells Fargo & Company decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.13.

Coca-Cola Stock Performance

Coca-Cola stock opened at $62.76 on Tuesday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company’s 50-day moving average is $62.69 and its two-hundred day moving average is $66.45. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The company has a market cap of $270.34 billion, a PE ratio of 25.93, a PEG ratio of 3.43 and a beta of 0.61.

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

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is owned by insiders.

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.