The Coca-Cola Company (NYSE:KO) Position Lessened by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC decreased its position in The Coca-Cola Company (NYSE:KO - Free Report) by 68.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,783 shares of the company's stock after selling 6,178 shares during the quarter. Householder Group Estate & Retirement Specialist LLC's holdings in Coca-Cola were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Harvest Portfolios Group Inc. purchased a new position in Coca-Cola during the third quarter worth about $18,383,000. Balentine LLC increased its stake in shares of Coca-Cola by 92.4% during the 3rd quarter. Balentine LLC now owns 28,493 shares of the company's stock valued at $2,048,000 after acquiring an additional 13,685 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Coca-Cola by 104.9% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 116,214 shares of the company's stock worth $8,351,000 after acquiring an additional 59,503 shares during the period. Fiduciary Alliance LLC boosted its position in shares of Coca-Cola by 87.7% in the fourth quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock worth $1,132,000 after acquiring an additional 8,499 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in 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 purchasing an additional 46,541 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Stock Up 0.8 %

Shares of NYSE KO traded up $0.51 during midday trading on Friday, reaching $62.76. 17,877,164 shares of the company's stock were exchanged, compared to its average volume of 13,543,682. The stock has a market capitalization of $270.34 billion, a PE 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 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 quick ratio of 0.90 and a current ratio of 1.06. The business's fifty day moving average price is $62.69 and its two-hundred day moving average price is $66.40.

Coca-Cola (NYSE:KO - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the company posted $0.74 EPS. Coca-Cola's quarterly revenue was down .8% on a year-over-year basis. Analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Insider Activity

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction on Friday, November 8th. The shares were 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 owns 342,546 shares of the company's stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

KO has been the topic of a number of recent analyst reports. Truist Financial increased their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Barclays cut their target price on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and boosted their price target for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Piper Sandler started coverage on Coca-Cola in a report on Tuesday, January 7th. They issued an "overweight" rating and a $74.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective 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. Two equities research 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.