The Coca-Cola Company (NYSE:KO) Shares Acquired by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,316 shares of the company’s stock after acquiring an additional 1,135 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Coca-Cola were worth $518,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in Coca-Cola by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 2,393,352 shares of the company’s stock valued at $152,337,000 after buying an additional 22,623 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Coca-Cola in the 2nd quarter worth about $23,985,000. Oliver Lagore Vanvalin Investment Group lifted its position in Coca-Cola by 29.2% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,878 shares of the company’s stock valued at $120,000 after purchasing an additional 425 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its stake in Coca-Cola by 64.0% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,704 shares of the company’s stock valued at $363,000 after purchasing an additional 2,226 shares during the period. Finally, Kathmere Capital Management LLC grew its position in Coca-Cola by 13.9% in the 2nd quarter. Kathmere Capital Management LLC now owns 5,605 shares of the company’s stock worth $357,000 after purchasing an additional 683 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KO. UBS Group reduced their price target 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. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Barclays decreased their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley dropped their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Two 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.07.

Coca-Cola Price Performance

KO opened at $61.98 on Friday. The stock has a fifty day moving average price of $62.62 and a 200 day moving average price of $66.36. 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 Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The stock has a market cap of $267.01 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 3.38 and a beta of 0.61.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. Analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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.