Liberty One Investment Management LLC Raises Position in The Coca-Cola Company (NYSE:KO)

Liberty One Investment Management LLC raised its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 457,867 shares of the company's stock after purchasing an additional 13,122 shares during the quarter. Coca-Cola accounts for about 3.1% of Liberty One Investment Management LLC's holdings, making the stock its 10th biggest position. Liberty One Investment Management LLC's holdings in Coca-Cola were worth $28,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stillwater Capital Advisors LLC grew its stake in shares of Coca-Cola by 1.8% during the 4th quarter. Stillwater Capital Advisors LLC now owns 200,897 shares of the company's stock worth $12,508,000 after purchasing an additional 3,632 shares during the period. Aaron Wealth Advisors LLC increased its holdings in Coca-Cola by 1.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 31,899 shares of the company's stock valued at $1,986,000 after buying an additional 303 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new stake in shares of Coca-Cola during the 4th quarter valued at approximately $371,000. Sandy Cove Advisors LLC boosted its stake in shares of Coca-Cola by 3.2% during the 4th quarter. Sandy Cove Advisors LLC now owns 22,203 shares of the company's stock worth $1,382,000 after acquiring an additional 684 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its holdings in shares of Coca-Cola by 6.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 12,189 shares of the company's stock worth $759,000 after acquiring an additional 691 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was 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 approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a "hold" rating to a "buy" rating and boosted their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. TD Cowen upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research report on Wednesday, January 8th. Barclays dropped 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. Piper Sandler assumed coverage on shares of Coca-Cola in a research note on Tuesday, January 7th. They set an "overweight" rating and a $74.00 price objective for the company. Finally, Truist Financial increased their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola has an average rating of "Moderate Buy" and a consensus target price of $72.13.

Coca-Cola Trading Up 0.8 %

Shares of KO traded up $0.51 during mid-day trading on Friday, reaching $62.76. The company had a trading volume of 17,877,164 shares, compared to its average volume of 13,543,682. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The firm has a fifty day simple moving average of $62.69 and a 200-day simple moving average of $66.43. 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. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO - Get Free Report) last issued its 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. The business had revenue of $11.85 billion during the quarter, compared to analysts' expectations of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal 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.