Revolve Wealth Partners LLC Has $548,000 Stake in The Coca-Cola Company (NYSE:KO)

Revolve Wealth Partners LLC lifted its stake in The Coca-Cola Company (NYSE:KO) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,795 shares of the company’s stock after buying an additional 293 shares during the period. Revolve Wealth Partners LLC’s holdings in Coca-Cola were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Magnolia Capital Advisors LLC acquired a new stake in shares of Coca-Cola during the 2nd quarter worth approximately $1,837,000. William B. Walkup & Associates Inc. acquired a new stake in shares of Coca-Cola in the 2nd quarter valued at $968,000. Wallace Advisory Group LLC increased its stake in shares of Coca-Cola by 4.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 7,446 shares of the company’s stock valued at $474,000 after purchasing an additional 315 shares during the last quarter. Second Line Capital LLC raised its holdings in shares of Coca-Cola by 18.5% during the 2nd quarter. Second Line Capital LLC now owns 7,810 shares of the company’s stock worth $501,000 after buying an additional 1,221 shares in the last quarter. Finally, Invst LLC lifted its position in shares of Coca-Cola by 5.2% during the 2nd quarter. Invst LLC now owns 33,324 shares of the company’s stock worth $2,109,000 after buying an additional 1,645 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 3.1 %

KO opened at $63.84 on Tuesday. The stock has a market cap of $275.03 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. 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 Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a fifty day moving average of $62.62 and a 200-day moving average of $66.41.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Morgan Stanley lowered their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Barclays lowered their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company decreased their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler dropped their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.07.

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the firm’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 transaction 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 $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.97% of the company’s stock.

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.