Sen. Marco Rubio Sells The Coca-Cola Company (NYSE:KO) Shares

Senator Marco Rubio (R-Florida) recently sold shares of The Coca-Cola Company (NYSE:KO). In a filing disclosed on February 06th, the Senator disclosed that they had sold between $1,001 and $15,000 in Coca-Cola stock on January 7th.

Senator Marco Rubio also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Cisco Systems (NASDAQ:CSCO) on 1/7/2025.

Coca-Cola Stock Up 0.4 %

NYSE:KO opened at $63.37 on Friday. 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 business’s fifty day moving average price is $62.56 and its 200 day moving average price is $66.34. The firm has a market capitalization of $272.96 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.56 and a beta of 0.61.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KO shares. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Wells Fargo & Company dropped their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Piper Sandler dropped their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a report on Thursday. Finally, JPMorgan Chase & Co. reduced 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 28th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

Institutional Trading of Coca-Cola

Several institutional investors have recently modified their holdings of KO. Investment Advisory Group LLC grew its stake in Coca-Cola by 4.5% during the third quarter. Investment Advisory Group LLC now owns 3,378 shares of the company’s stock worth $243,000 after purchasing an additional 146 shares during the period. CCG Wealth Management LLC grew its holdings in Coca-Cola by 4.3% during the third quarter. CCG Wealth Management LLC now owns 3,614 shares of the company’s stock worth $260,000 after buying an additional 149 shares in the last quarter. Investment Partners Asset Management Inc. boosted its holdings in Coca-Cola by 2.2% during the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company’s stock worth $500,000 after purchasing an additional 150 shares during the last quarter. Blossom Wealth Management raised its stake in shares of Coca-Cola by 3.3% during the 3rd quarter. Blossom Wealth Management now owns 4,890 shares of the company’s stock worth $351,000 after purchasing an additional 155 shares during the period. Finally, Peddock Capital Advisors LLC lifted its position in shares of Coca-Cola by 0.5% during the 3rd quarter. Peddock Capital Advisors LLC now owns 32,437 shares of the company’s stock valued at $2,331,000 after buying an additional 159 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

About Senator Rubio

Marco Rubio (Republican Party) is a member of the U.S. Senate from Florida. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Rubio (Republican Party) ran for re-election to the U.S. Senate to represent Florida. He won in the general election on November 8, 2022. Rubio was first elected to the Senate in 2010 to replace retiring incumbent Mel Martinez (R). In the general election, Rubio defeated Kendrick B. Meek (D) and Gov. Charlie Crist (I). Crist had been running in the Republican primary against Rubio but dropped out to run as an independent after polling showed Rubio in the lead. In April 2015, Rubio announced that he was running for president of the United States in 2016 and said he would not seek re-election to his Senate seat in 2016. Rubio dropped out of the presidential election in March 2016 after coming in second to Donald Trump in the Florida Republican primary. In June, Rubio announced that he would seek re-election to his Senate seat. He won re-election with 52 percent of the vote. He previously was a member of the Florida House of Representatives from 2000 to 2008, serving as majority leader from 2003 to 2006 and House speaker from 2006 to 2008. Before serving in the state House, Rubio was a member of the West Miami City Commission. Rubio’s parents immigrated to the United States from Cuba in 1956. On May 18, 2020, Senate Majority Leader Mitch McConnell (R) announced Rubio as the interim chairman of the Senate Intelligence Committee. Rubio replaced Senator Richard Burr (R) who stepped down from the position on May 15, 2020, due to a pending federal investigation. As of a 2014 analysis of multiple outside rankings, Rubio is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Born to a family of Cuban immigrants, Rubio was raised in Miami, FL, and Las Vegas, NV. He attended South Miami Senior High School and graduated in 1989. He then attended Tarkio College for one year on a football scholarship from 1989 to 1990, before enrolling at Santa Fe Community College (later renamed Santa Fe College). He earned a B.S. degree from the University of Florida in 1993 and his J.D. degree cum laude from the University of Miami School of Law in 1996.

About Coca-Cola

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.