Kiley Juergens Wealth Management LLC Cuts Stake in The Coca-Cola Company (NYSE:KO)

Kiley Juergens Wealth Management LLC lowered its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,871 shares of the company’s stock after selling 371 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Coca-Cola were worth $677,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Quarry LP purchased a new position in Coca-Cola in the 2nd quarter valued at approximately $27,000. Hara Capital LLC bought a new position in Coca-Cola in the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Coca-Cola during the 3rd quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Coca-Cola during the fourth quarter worth about $37,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Coca-Cola in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.97% of the stock is owned by company insiders.

Coca-Cola Trading Up 0.8 %

NYSE:KO opened at $62.76 on Tuesday. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company’s 50-day simple moving average is $62.69 and its 200 day simple moving average is $66.45. The firm has a market capitalization of $270.34 billion, a P/E ratio of 25.93, a PEG ratio of 3.43 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.

Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion for 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 company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. As a group, analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

KO has been the topic of a number of research reports. UBS Group lowered their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, January 8th. Barclays reduced their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Finally, Piper Sandler initiated coverage on shares of Coca-Cola in a report on Tuesday, January 7th. They set an “overweight” rating and a $74.00 target price on the stock. Two 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.13.

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.