Brady Family Wealth LLC Has $1.19 Million Position in The Coca-Cola Company (NYSE:KO)

Brady Family Wealth LLC cut its holdings in The Coca-Cola Company (NYSE:KO) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,056 shares of the company’s stock after selling 508 shares during the quarter. Brady Family Wealth LLC’s holdings in Coca-Cola were worth $1,186,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in KO. Winch Advisory Services LLC grew its holdings in Coca-Cola by 9.5% during the 4th quarter. Winch Advisory Services LLC now owns 30,425 shares of the company’s stock worth $1,894,000 after acquiring an additional 2,631 shares during the last quarter. Rovin Capital UT ADV lifted its position in shares of Coca-Cola by 24.8% during the fourth quarter. Rovin Capital UT ADV now owns 4,115 shares of the company’s stock worth $256,000 after purchasing an additional 819 shares in the last quarter. Smith Thornton Advisors LLC lifted its position in shares of Coca-Cola by 1.1% during the fourth quarter. Smith Thornton Advisors LLC now owns 22,899 shares of the company’s stock worth $1,426,000 after purchasing an additional 251 shares in the last quarter. Essex Savings Bank grew its stake in shares of Coca-Cola by 10.4% during the fourth quarter. Essex Savings Bank now owns 20,520 shares of the company’s stock valued at $1,278,000 after purchasing an additional 1,940 shares during the last quarter. Finally, Stolper Co increased its holdings in shares of Coca-Cola by 1.4% in the fourth quarter. Stolper Co now owns 102,192 shares of the company’s stock valued at $6,362,000 after purchasing an additional 1,382 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KO shares. Wells Fargo & Company reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, January 8th. Truist Financial upped their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays lowered their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.60.

Coca-Cola Trading Down 0.5 %

KO opened at $61.71 on Thursday. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The firm has a market cap of $265.83 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The firm’s fifty day moving average is $62.78 and its two-hundred day moving average is $66.47.

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

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of the stock in a transaction 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 represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by company insiders.

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.