Brady Martz Wealth Solutions LLC Purchases New Shares in The Coca-Cola Company (NYSE:KO)

Brady Martz Wealth Solutions LLC purchased a new stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 31,820 shares of the company's stock, valued at approximately $1,974,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KO. Harvest Portfolios Group Inc. bought a new stake in shares of Coca-Cola during the third quarter valued at about $18,383,000. Balentine LLC grew its stake in Coca-Cola by 92.4% during the third quarter. Balentine LLC now owns 28,493 shares of the company's stock valued at $2,048,000 after acquiring an additional 13,685 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Coca-Cola by 104.9% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 116,214 shares of the company's stock worth $8,351,000 after acquiring an additional 59,503 shares during the period. Fiduciary Alliance LLC lifted its stake in Coca-Cola by 87.7% in the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock worth $1,132,000 after purchasing an additional 8,499 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Coca-Cola by 5.8% in the 3rd quarter. CIBC Asset Management Inc now owns 850,802 shares of the company's stock valued at $61,122,000 after purchasing an additional 46,541 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business's stock in a transaction dated 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 owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Truist Financial raised their price target on Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Morgan Stanley cut their price objective on Coca-Cola from $78.00 to $76.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. Barclays decreased their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, UBS Group dropped their target price on shares of Coca-Cola from $82.00 to $72.00 and set a "buy" rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.13.

Coca-Cola Trading Up 0.8 %

Shares of NYSE:KO traded up $0.51 on Friday, reaching $62.76. 17,877,164 shares of the company traded hands, compared to its average volume of 13,543,682. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. 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 business's 50-day simple moving average is $62.69 and its 200 day simple moving average is $66.43. The stock has a market capitalization of $270.34 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.61.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. The business had revenue of $11.85 billion for 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 business's quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

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.