MFA Wealth Services Acquires Shares of 5,741 The Coca-Cola Company (NYSE:KO)

MFA Wealth Services bought a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,741 shares of the company's stock, valued at approximately $357,000.

A number of other institutional investors have also made changes to their positions in the business. Quarry LP acquired a new stake in Coca-Cola in the second quarter worth $27,000. Hara Capital LLC acquired a new position in Coca-Cola in the third quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Coca-Cola in the third quarter worth about $36,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Coca-Cola during the third quarter worth about $43,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Coca-Cola in the 4th quarter valued at approximately $37,000. 70.26% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of the stock in a transaction on 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 directly owns 342,546 shares of the company's stock, valued at $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KO. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Piper Sandler reduced their price objective on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a research 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. Morgan Stanley cut 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 report on Thursday, October 24th. Finally, TD Cowen raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola has an average rating of "Moderate Buy" and a consensus target price of $72.07.

Coca-Cola Trading Up 0.2 %

NYSE KO traded up $0.10 on Friday, reaching $61.63. The company had a trading volume of 9,324,286 shares, compared to its average volume of 16,047,283. The firm has a market cap of $265.47 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 3.38 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. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The business has a 50 day moving average of $62.61 and a two-hundred day moving average of $66.37.

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 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 previous year, the firm earned $0.74 earnings per share. The firm'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.

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.