Diversify Advisory Services LLC Has $4.83 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Diversify Advisory Services LLC lessened its position in The Coca-Cola Company (NYSE:KO - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,004 shares of the company's stock after selling 14,101 shares during the quarter. Diversify Advisory Services LLC's holdings in Coca-Cola were worth $4,825,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Coca-Cola in the second quarter worth $27,000. Hara Capital LLC bought a new stake in Coca-Cola during the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Coca-Cola during the 3rd quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola in the 4th quarter valued at about $37,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Coca-Cola in the 3rd quarter valued at about $43,000. Institutional investors own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

KO has been the subject of several recent research reports. Barclays reduced their price target on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a research report on Friday. Truist Financial increased their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Wells Fargo & Company lowered their target price 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. Hsbc Global Res upgraded shares of Coca-Cola to a "strong-buy" rating in a research note on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Two 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.13.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola 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 completion of the transaction, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.97% of the company's stock.

Coca-Cola Stock Performance

NYSE:KO traded up $0.51 during mid-day trading on Monday, hitting $62.76. 17,877,164 shares of the stock were exchanged, compared to its average volume of 13,543,682. The firm's 50-day simple moving average is $62.69 and its 200 day simple moving average is $66.45. The stock has a market capitalization of $270.34 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The company's revenue was down .8% on a year-over-year basis. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

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.