CFM Wealth Partners LLC Boosts Holdings in The Coca-Cola Company (NYSE:KO)

CFM Wealth Partners LLC lifted its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,127 shares of the company's stock after acquiring an additional 4,096 shares during the period. CFM Wealth Partners LLC's holdings in Coca-Cola were worth $4,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP bought a new stake in Coca-Cola in the second quarter valued at $27,000. Hara Capital LLC acquired a new position in Coca-Cola during the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola during the 3rd quarter worth approximately $36,000. MidAtlantic Capital Management Inc. acquired a new stake in Coca-Cola in the third quarter valued at approximately $43,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Coca-Cola during the fourth quarter valued at approximately $37,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Stock Performance

Shares of Coca-Cola stock traded down $0.12 on Monday, reaching $63.36. 12,062,439 shares of the company traded hands, compared to its average volume of 15,977,205. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The firm has a market capitalization of $272.95 billion, a PE ratio of 26.18, a PEG ratio of 3.56 and a beta of 0.61. The company has a 50 day moving average of $62.65 and a 200 day moving average of $66.39. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the company'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 sale, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on KO. Jefferies Financial Group raised shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their price objective for the company from $69.00 to $75.00 in a research note on Thursday. Barclays dropped their price target 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, January 17th. JPMorgan Chase & Co. cut their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. UBS Group lowered their price objective on Coca-Cola from $82.00 to $72.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley cut their target price on Coca-Cola from $78.00 to $76.00 and set an "overweight" rating on the stock in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $72.13.

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.