9,079 Shares in The Coca-Cola Company (NYSE:KO) Purchased by Cvfg LLC

Cvfg LLC acquired a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,079 shares of the company's stock, valued at approximately $565,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. Apella Capital LLC lifted its position in Coca-Cola by 1.4% in the third quarter. Apella Capital LLC now owns 10,533 shares of the company's stock valued at $748,000 after purchasing an additional 146 shares during the last quarter. Investment Advisory Group LLC lifted its position in Coca-Cola by 4.5% in the third quarter. Investment Advisory Group LLC now owns 3,378 shares of the company's stock valued at $243,000 after purchasing an additional 146 shares during the last quarter. CCG Wealth Management LLC increased its stake in shares of Coca-Cola by 4.3% during the third quarter. CCG Wealth Management LLC now owns 3,614 shares of the company's stock valued at $260,000 after buying an additional 149 shares during the period. Investment Partners Asset Management Inc. increased its stake in shares of Coca-Cola by 2.2% during the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company's stock valued at $500,000 after buying an additional 150 shares during the period. Finally, Chapin Davis Inc. increased its stake in shares of Coca-Cola by 1.0% during the third quarter. Chapin Davis Inc. now owns 15,312 shares of the company's stock valued at $1,100,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Coca-Cola Price Performance

Shares of NYSE:KO traded up $0.36 during trading on Friday, hitting $62.61. 8,670,067 shares of the company's stock were exchanged, compared to its average volume of 15,200,261. 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 Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The business's 50-day simple moving average is $62.74 and its 200 day simple moving average is $66.44. The company has a market cap of $269.70 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 3.35 and a beta of 0.61.

Coca-Cola (NYSE:KO - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (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 firm had revenue of $11.85 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter last year, the business posted $0.74 earnings per share. The firm's revenue was down .8% on a year-over-year basis. As a group, equities analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Analysts Set New Price Targets

KO has been the topic of several research analyst reports. Piper Sandler initiated coverage on Coca-Cola in a research note on Tuesday, January 7th. They set an "overweight" rating and a $74.00 target price on the stock. Wells Fargo & Company reduced their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Barclays reduced their price target on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating on the stock in a research note on Friday. Hsbc Global Res raised Coca-Cola to a "strong-buy" rating in a research note on Friday, September 27th. Finally, TD Cowen raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $72.13.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction on Friday, November 8th. The stock was 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 directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.