Relyea Zuckerberg Hanson LLC Raises Stock Position in The Coca-Cola Company (NYSE:KO)

Relyea Zuckerberg Hanson LLC raised its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 92.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,584 shares of the company's stock after purchasing an additional 17,118 shares during the period. Relyea Zuckerberg Hanson LLC's holdings in Coca-Cola were worth $2,215,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Coca-Cola by 13.7% during the 3rd quarter. FMR LLC now owns 92,961,376 shares of the company's stock worth $6,680,205,000 after purchasing an additional 11,206,995 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Coca-Cola by 14.5% in the third quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock worth $2,271,885,000 after acquiring an additional 4,013,996 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Coca-Cola during the third quarter valued at approximately $269,382,000. Geode Capital Management LLC raised its position in shares of Coca-Cola by 3.3% during the third quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock worth $6,664,005,000 after purchasing an additional 2,966,964 shares during the period. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of Coca-Cola by 7,006.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company's stock worth $178,104,000 after purchasing an additional 2,443,612 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Trading Up 0.8 %

Coca-Cola stock traded up $0.51 during mid-day trading on Friday, hitting $62.76. The company's stock had a trading volume of 17,877,164 shares, compared to its average volume of 16,116,259. The business has a 50 day moving average price of $62.71 and a 200-day moving average price of $66.41. 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 12 month low of $57.93 and a 12 month high of $73.53. The stock has a market cap of $270.34 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth 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, topping analysts' consensus estimates of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The business had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm earned $0.74 EPS. The company's revenue was down .8% on a year-over-year basis. As a group, analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KO. Hsbc Global Res upgraded shares of Coca-Cola to a "strong-buy" rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and increased 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 shares of Coca-Cola in a report on Tuesday, January 7th. They set an "overweight" rating and a $74.00 price target on the stock. Wells Fargo & Company reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Finally, TD Cowen upgraded shares of 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 research 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, the stock has an average rating of "Moderate Buy" and an average target price of $72.13.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of the company's 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.97% of the company's stock.

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.