Integrated Investment Consultants LLC increased its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 268.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,864 shares of the company's stock after buying an additional 15,204 shares during the quarter. Integrated Investment Consultants LLC's holdings in Coca-Cola were worth $1,299,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Apella Capital LLC boosted its holdings in shares of 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 buying an additional 146 shares during the period. Investment Advisory Group LLC lifted its position in Coca-Cola by 4.5% in the 3rd quarter. Investment Advisory Group LLC now owns 3,378 shares of the company's stock valued at $243,000 after acquiring an additional 146 shares in the last quarter. CCG Wealth Management LLC boosted its stake in Coca-Cola by 4.3% in the 3rd quarter. CCG Wealth Management LLC now owns 3,614 shares of the company's stock worth $260,000 after purchasing an additional 149 shares during the period. Investment Partners Asset Management Inc. raised its stake in shares of Coca-Cola by 2.2% in the 3rd quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company's stock valued at $500,000 after purchasing an additional 150 shares during the period. Finally, Chapin Davis Inc. lifted its holdings in shares of Coca-Cola by 1.0% in the third quarter. Chapin Davis Inc. now owns 15,312 shares of the company's stock valued at $1,100,000 after purchasing an additional 153 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.
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 dated 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 sale, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.97% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a "hold" rating to a "buy" rating and increased their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Hsbc Global Res upgraded shares of Coca-Cola to a "strong-buy" rating in a report on Friday, September 27th. Barclays reduced their target price on shares of Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a report on Friday. Morgan Stanley lowered their price target on shares of Coca-Cola from $78.00 to $76.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Two equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $72.13.
Read Our Latest Stock Analysis on KO
Coca-Cola Stock Performance
Shares of NYSE KO traded up $0.51 during mid-day trading on Friday, reaching $62.76. 17,877,164 shares of the company were exchanged, compared to its average volume of 13,543,682. The stock has a market capitalization of $270.34 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.35 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The company's 50-day simple moving average is $62.71 and its 200-day simple moving average is $66.41. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53.
Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data 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 net margin of 22.45% and a return on equity of 44.01%. The firm had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the business posted $0.74 earnings per share. The business's revenue for the quarter was down .8% compared to the same quarter last year. As a group, research analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current year.
About Coca-Cola
(
Free Report)
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.
See Also
Before you consider Coca-Cola, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola wasn't on the list.
While Coca-Cola currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.