CENTRAL TRUST Co Sells 28,768 Shares of The Coca-Cola Company (NYSE:KO)

CENTRAL TRUST Co decreased its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,478 shares of the company's stock after selling 28,768 shares during the quarter. CENTRAL TRUST Co's holdings in Coca-Cola were worth $9,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Apella Capital LLC grew its stake in shares of Coca-Cola by 1.4% during the third quarter. Apella Capital LLC now owns 10,533 shares of the company's stock valued at $748,000 after buying an additional 146 shares during the last quarter. Investment Advisory Group LLC grew its position in Coca-Cola by 4.5% during the 3rd quarter. Investment Advisory Group LLC now owns 3,378 shares of the company's stock worth $243,000 after purchasing an additional 146 shares during the last quarter. CCG Wealth Management LLC lifted its position in 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. raised its holdings in shares of Coca-Cola by 2.2% during the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company's stock worth $500,000 after purchasing an additional 150 shares during the last quarter. Finally, Chapin Davis Inc. lifted its holdings in 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 acquiring an additional 153 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company dropped 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. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a "hold" rating to a "buy" rating and lifted their price objective for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Jefferies Financial Group raised Coca-Cola from a "hold" rating to a "buy" rating and upped their target price for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Finally, UBS Group lowered their target price on Coca-Cola from $82.00 to $72.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $72.13.

Insider Buying and Selling

In other news, CEO James Quincey sold 100,000 shares of the company'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 value of $6,403,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

NYSE:KO traded down $0.79 on Tuesday, hitting $62.56. The company had a trading volume of 3,997,285 shares, compared to its average volume of 15,379,812. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The stock has a market capitalization of $269.50 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.56 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. The firm has a 50 day moving average of $62.65 and a two-hundred day moving average of $66.39.

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.