The Coca-Cola Company (NYSE:KO) Shares Purchased by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC raised its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,353 shares of the company's stock after buying an additional 5,345 shares during the period. Coca-Cola comprises approximately 1.0% of KMG Fiduciary Partners LLC's investment portfolio, making the stock its 23rd biggest position. KMG Fiduciary Partners LLC's holdings in Coca-Cola were worth $12,038,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in shares of Coca-Cola by 9.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company's stock worth $233,000 after acquiring an additional 329 shares during the period. Waterloo Capital L.P. increased its holdings in Coca-Cola by 142.1% during the 2nd quarter. Waterloo Capital L.P. now owns 10,584 shares of the company's stock worth $674,000 after purchasing an additional 6,213 shares during the period. Seven Eight Capital LP bought a new stake in Coca-Cola during the 2nd quarter valued at $995,000. Middleton & Co. Inc. MA lifted its holdings in shares of Coca-Cola by 8.7% in the 2nd quarter. Middleton & Co. Inc. MA now owns 9,325 shares of the company's stock worth $594,000 after buying an additional 750 shares during the period. Finally, Intrepid Financial Planning Group LLC bought a new position in shares of Coca-Cola during the 2nd quarter worth $201,000. Institutional investors own 70.26% of the company's stock.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of the company's 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 sale, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at $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 the SEC website. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Stock Performance

KO stock traded up $0.35 during trading on Friday, reaching $62.60. The company had a trading volume of 10,583,062 shares, compared to its average volume of 15,422,057. The company has a market cap of $269.65 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 3.35 and a beta of 0.61. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month 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 firm has a 50-day simple moving average of $62.74 and a 200-day simple moving average of $66.44.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion during 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 for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler started 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. Barclays reduced their price target 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 dropped their price objective 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. UBS Group reduced their price objective on shares of Coca-Cola from $82.00 to $72.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Truist Financial increased their target price on Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Two 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 stock. According to MarketBeat.com, Coca-Cola has an average rating of "Moderate Buy" and a consensus target price of $72.13.

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.