RFG Advisory LLC Sells 5,087 Shares of The Coca-Cola Company (NYSE:KO)

RFG Advisory LLC lessened its position in The Coca-Cola Company (NYSE:KO - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,923 shares of the company's stock after selling 5,087 shares during the quarter. RFG Advisory LLC's holdings in Coca-Cola were worth $4,167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KO. Quarry LP bought a new position in Coca-Cola in the 2nd quarter valued at $27,000. Hara Capital LLC bought a new stake in Coca-Cola during the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola in the third quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in Coca-Cola during the 4th quarter worth $37,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Coca-Cola in the 3rd quarter worth $43,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Insiders Place Their Bets

In other news, CEO James Quincey sold 100,000 shares of the stock in a transaction on Friday, November 8th. The stock was 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 directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.97% of the company's stock.

Analyst Ratings Changes

KO has been the topic of several analyst reports. TD Cowen raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Wednesday, January 8th. Piper Sandler dropped their price objective on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a research note on Thursday. Hsbc Global Res upgraded Coca-Cola to a "strong-buy" rating in a report on Friday, September 27th. Wells Fargo & Company cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Finally, Truist Financial upped their target price 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. Two equities 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $72.07.

Coca-Cola Stock Performance

Shares of KO traded up $0.45 during midday trading on Friday, reaching $61.98. 13,197,102 shares of the stock were exchanged, compared to its average volume of 16,290,210. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. 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 stock's 50 day simple moving average is $62.61 and its 200 day simple moving average is $66.37. The company has a market cap of $267.01 billion, a P/E ratio of 25.57, a PEG ratio of 3.38 and a beta of 0.61.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share 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 analysts' expectations of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. Coca-Cola's revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. On average, sell-side analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

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.