Ellsworth Advisors LLC Purchases 4,016 Shares of The Coca-Cola Company (NYSE:KO)

Ellsworth Advisors LLC lifted its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 86,031 shares of the company's stock after acquiring an additional 4,016 shares during the quarter. Coca-Cola accounts for about 1.4% of Ellsworth Advisors LLC's holdings, making the stock its 22nd biggest holding. Ellsworth Advisors LLC's holdings in Coca-Cola were worth $5,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Annex Advisory Services LLC grew its position in Coca-Cola by 4.5% during the 4th quarter. Annex Advisory Services LLC now owns 7,897 shares of the company's stock worth $492,000 after acquiring an additional 339 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Coca-Cola by 2.1% in the fourth quarter. Grove Bank & Trust now owns 11,449 shares of the company's stock worth $713,000 after purchasing an additional 235 shares during the last quarter. Brady Martz Wealth Solutions LLC purchased a new position in shares of Coca-Cola in the fourth quarter worth $1,974,000. Steigerwald Gordon & Koch Inc. raised its holdings in Coca-Cola by 0.5% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 222,199 shares of the company's stock valued at $13,834,000 after buying an additional 1,098 shares during the last quarter. Finally, Liberty One Investment Management LLC grew its holdings in Coca-Cola by 3.0% in the 4th quarter. Liberty One Investment Management LLC now owns 457,867 shares of the company's stock worth $28,507,000 after acquiring an additional 13,122 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KO shares. 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 report on Thursday. Truist Financial boosted their target price on Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Barclays dropped their price target on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a research note on Friday. Hsbc Global Res raised shares of Coca-Cola to a "strong-buy" rating in a research report on Friday, September 27th. Finally, Piper Sandler initiated coverage on shares of Coca-Cola in a research report on Tuesday, January 7th. They issued an "overweight" rating and a $74.00 target price for the company. Two 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 company. According to data from MarketBeat.com, Coca-Cola has an average rating of "Moderate Buy" and a consensus target price of $72.13.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 342,546 shares in the company, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.97% of the stock is currently owned by insiders.

Coca-Cola Stock Up 0.8 %

Coca-Cola stock traded up $0.51 during mid-day trading on Monday, reaching $62.76. The stock had a trading volume of 17,877,164 shares, compared to its average volume of 13,543,682. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a 50-day moving average price of $62.69 and a two-hundred day moving average price of $66.45. The company has a market capitalization of $270.34 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Coca-Cola (NYSE:KO - Get Free Report) last issued 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. The firm had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The business's revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

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.