Whitaker Myers Wealth Managers LTD. Acquires Shares of 5,962 The Coca-Cola Company (NYSE:KO)

Whitaker Myers Wealth Managers LTD. purchased a new stake in The Coca-Cola Company (NYSE:KO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,962 shares of the company's stock, valued at approximately $371,000.

Several other institutional investors have also recently added to or reduced their stakes in KO. Massachusetts Financial Services Co. MA boosted its holdings in Coca-Cola by 9.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company's stock valued at $233,000 after purchasing an additional 329 shares in the last quarter. Seven Eight Capital LP purchased a new stake in Coca-Cola in the 2nd quarter valued at approximately $995,000. Brighton Jones LLC boosted its holdings in Coca-Cola by 1.8% in the 2nd quarter. Brighton Jones LLC now owns 36,109 shares of the company's stock valued at $2,298,000 after purchasing an additional 631 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Coca-Cola by 4.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 74,303 shares of the company's stock valued at $4,729,000 after purchasing an additional 3,264 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Coca-Cola by 22.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 15,983 shares of the company's stock valued at $1,017,000 after purchasing an additional 2,901 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Trading Up 0.8 %

KO traded up $0.51 during trading on Friday, hitting $62.76. The company's stock had a trading volume of 17,877,164 shares, compared to its average volume of 13,543,682. The stock has a market cap of $270.34 billion, a PE ratio of 25.93, a PEG ratio of 3.35 and a beta of 0.61. 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 firm's 50 day moving average price is $62.69 and its 200-day moving average price is $66.43. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 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 the consensus estimate of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. On average, analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Insider Transactions at Coca-Cola

In related 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 sale, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.97% of the company's stock.

Wall Street Analyst Weigh In

KO has been the topic of several research analyst reports. Morgan Stanley decreased their price target on Coca-Cola from $78.00 to $76.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Barclays reduced their target price on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and upped their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. UBS Group reduced 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. Finally, Piper Sandler began coverage on Coca-Cola in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $74.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $72.13.

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.