U.S. Capital Wealth Advisors LLC Increases Position in The Coca-Cola Company (NYSE:KO)

U.S. Capital Wealth Advisors LLC lifted its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,981 shares of the company's stock after buying an additional 9,492 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Coca-Cola were worth $11,517,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Coca-Cola in the second quarter valued at about $27,000. Hara Capital LLC purchased a new stake in shares of Coca-Cola during the third quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Coca-Cola during the 3rd quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new position in Coca-Cola during the 4th quarter valued at about $37,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Coca-Cola during the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KO. JPMorgan Chase & Co. cut their target price 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 28th. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Piper Sandler lowered their target price on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Barclays dropped their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and raised their price target for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coca-Cola has a consensus rating of "Moderate Buy" and an average target price of $72.13.

Coca-Cola Price Performance

Coca-Cola stock traded down $0.67 during midday trading on Tuesday, reaching $62.68. 2,778,356 shares of the stock traded hands, compared to its average volume of 15,348,070. 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 Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The stock's fifty day moving average is $62.65 and its 200-day moving average is $66.39. The stock has a market cap of $270.02 billion, a P/E ratio of 25.87, a PEG ratio of 3.56 and a beta of 0.61.

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now owns 342,546 shares of the company's stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.97% of the company's stock.

Coca-Cola Company 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.