Butensky & Cohen Financial Security Inc. Cuts Holdings in The Coca-Cola Company (NYSE:KO)

Butensky & Cohen Financial Security Inc. lessened its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 24.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,464 shares of the company's stock after selling 12,287 shares during the period. Butensky & Cohen Financial Security Inc.'s holdings in Coca-Cola were worth $2,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KO. Apella Capital LLC boosted its stake in Coca-Cola by 1.4% during the third quarter. Apella Capital LLC now owns 10,533 shares of the company's stock worth $748,000 after buying an additional 146 shares during the last quarter. Investment Advisory Group LLC increased its stake in shares of Coca-Cola by 4.5% in the 3rd quarter. Investment Advisory Group LLC now owns 3,378 shares of the company's stock worth $243,000 after acquiring an additional 146 shares during the last quarter. CCG Wealth Management LLC raised its holdings in shares of Coca-Cola by 4.3% during the 3rd quarter. CCG Wealth Management LLC now owns 3,614 shares of the company's stock worth $260,000 after acquiring an additional 149 shares during the period. Investment Partners Asset Management Inc. boosted its position in shares of Coca-Cola by 2.2% during the 3rd quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company's stock valued at $500,000 after acquiring an additional 150 shares during the last quarter. Finally, Chapin Davis Inc. grew its holdings in shares of Coca-Cola by 1.0% in the third quarter. Chapin Davis Inc. now owns 15,312 shares of the company's stock valued at $1,100,000 after purchasing an additional 153 shares during the period. Institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Up 0.8 %

Shares of NYSE:KO traded up $0.51 on Friday, hitting $62.76. 17,877,164 shares of the company's stock were exchanged, compared to its average volume of 13,543,682. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The company has a market capitalization of $270.34 billion, a PE ratio of 25.93, a P/E/G ratio of 3.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The firm's 50-day moving average is $62.69 and its 200 day moving average is $66.40.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating 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 firm had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm posted $0.74 EPS. The company's revenue was down .8% on a year-over-year basis. Sell-side analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the firm's stock in a transaction dated 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 owns 342,546 shares of the company's stock, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KO has been the subject of several analyst reports. Barclays lowered their price objective on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a research report on Friday. Hsbc Global Res upgraded Coca-Cola to a "strong-buy" rating in a report on Friday, September 27th. UBS Group reduced their price objective on shares of Coca-Cola from $82.00 to $72.00 and set a "buy" rating on the stock in a report on Thursday. Wells Fargo & Company lowered their target price on shares of 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, Piper Sandler assumed coverage on shares of Coca-Cola in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $74.00 price target on the stock. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $72.13.

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.