The Coca-Cola Company (NYSE:KO) Shares Bought by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 145,366 shares of the company’s stock after acquiring an additional 2,410 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Coca-Cola were worth $9,050,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Coca-Cola by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 2,393,352 shares of the company’s stock valued at $152,337,000 after buying an additional 22,623 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Coca-Cola in the 2nd quarter valued at about $23,985,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of Coca-Cola by 29.2% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,878 shares of the company’s stock worth $120,000 after acquiring an additional 425 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its stake in Coca-Cola by 64.0% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,704 shares of the company’s stock worth $363,000 after purchasing an additional 2,226 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in Coca-Cola by 13.9% in the second quarter. Kathmere Capital Management LLC now owns 5,605 shares of the company’s stock valued at $357,000 after purchasing an additional 683 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.7 %

Shares of Coca-Cola stock opened at $61.98 on Friday. The company has a market cap of $267.01 billion, a P/E ratio of 25.61, a PEG ratio of 3.38 and a beta of 0.61. The firm has a fifty day moving average of $62.62 and a two-hundred day moving average of $66.36. 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 Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. On average, analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on KO. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Barclays cut 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 note on Friday, January 17th. Piper Sandler decreased 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. 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 research report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.07.

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.