Stokes Capital Advisors LLC Raises Holdings in The Coca-Cola Company (NYSE:KO)

Stokes Capital Advisors LLC lifted its position in The Coca-Cola Company (NYSE:KO - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,647 shares of the company's stock after purchasing an additional 4,248 shares during the period. Coca-Cola accounts for about 1.7% of Stokes Capital Advisors LLC's investment portfolio, making the stock its 27th biggest position. Stokes Capital Advisors LLC's holdings in Coca-Cola were worth $6,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. AHL Investment Management Inc. increased its position in Coca-Cola by 0.6% during the 4th quarter. AHL Investment Management Inc. now owns 116,900 shares of the company's stock valued at $7,278,000 after purchasing an additional 701 shares during the period. M.E. Allison & CO. Inc. purchased a new position in Coca-Cola during the fourth quarter valued at approximately $1,681,000. Diversify Wealth Management LLC raised its stake in Coca-Cola by 61.6% in the fourth quarter. Diversify Wealth Management LLC now owns 43,947 shares of the company's stock worth $2,684,000 after buying an additional 16,759 shares in the last quarter. Smart Money Group LLC lifted its holdings in Coca-Cola by 10.7% during the fourth quarter. Smart Money Group LLC now owns 11,059 shares of the company's stock worth $689,000 after buying an additional 1,071 shares during the period. Finally, Ellsworth Advisors LLC boosted its position in Coca-Cola by 4.9% during the 4th quarter. Ellsworth Advisors LLC now owns 86,031 shares of the company's stock valued at $5,356,000 after acquiring an additional 4,016 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial upped their price objective on Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Morgan Stanley decreased their price target on shares of Coca-Cola from $78.00 to $76.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. TD Cowen raised 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. UBS Group decreased their target price on shares of Coca-Cola from $82.00 to $72.00 and set a "buy" rating for the company in a research report on Thursday. Finally, 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 report on Tuesday, January 7th. Two investment 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.13.

Insider Activity

In other Coca-Cola 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 transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.97% of the company's stock.

Coca-Cola Stock Performance

NYSE:KO traded up $0.51 during trading hours on Monday, reaching $62.76. The company had a trading volume of 17,877,164 shares, compared to its average volume of 13,543,682. 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 1-year low of $57.93 and a 1-year high of $73.53. The business's 50 day moving average price is $62.69 and its 200-day moving average price is $66.45. The firm has a market cap of $270.34 billion, a PE 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. The firm had revenue of $11.85 billion for 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%. During the same period in the prior year, the firm posted $0.74 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. Research 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.