Financial & Tax Architects LLC Buys 7,362 Shares of The Coca-Cola Company (NYSE:KO)

Financial & Tax Architects LLC lifted its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,629 shares of the company's stock after purchasing an additional 7,362 shares during the period. Coca-Cola accounts for 1.6% of Financial & Tax Architects LLC's holdings, making the stock its 22nd biggest position. Financial & Tax Architects LLC's holdings in Coca-Cola were worth $6,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harvest Portfolios Group Inc. bought a new stake in shares of Coca-Cola during the third quarter worth approximately $18,383,000. Balentine LLC increased its position in Coca-Cola by 92.4% during the 3rd quarter. Balentine LLC now owns 28,493 shares of the company's stock worth $2,048,000 after buying an additional 13,685 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in Coca-Cola by 104.9% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 116,214 shares of the company's stock worth $8,351,000 after purchasing an additional 59,503 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Coca-Cola by 87.7% during the fourth 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 during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Coca-Cola by 5.8% in the third quarter. CIBC Asset Management Inc now owns 850,802 shares of the company's stock valued at $61,122,000 after buying an additional 46,541 shares during the period. 70.26% of the stock is owned by institutional investors.

Coca-Cola Stock Performance

Shares of NYSE:KO traded up $0.51 on Friday, reaching $62.76. The company's 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 52-week low of $57.93 and a 52-week high of $73.53. 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 stock's 50-day moving average is $62.69 and its two-hundred day moving average is $66.40. The stock has a market capitalization of $270.34 billion, a P/E ratio of 25.93, a PEG 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The company's revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Insider Transactions 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 transaction of $6,403,000.00. Following the sale, the chief executive officer now 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 this hyperlink. Corporate insiders own 0.97% of the company's stock.

Analyst Ratings Changes

KO has been the topic of a number of analyst reports. TD Cowen upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Hsbc Global Res raised Coca-Cola to a "strong-buy" rating in a research note on Friday, September 27th. 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 report on Tuesday, January 7th. Piper Sandler assumed coverage on shares of Coca-Cola in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $74.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and lifted their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola has an average rating of "Moderate Buy" and a consensus target price of $72.13.

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.