Wells Trecaso Financial Group LLC Purchases 164 Shares of The Coca-Cola Company (NYSE:KO)

Wells Trecaso Financial Group LLC grew its holdings in The Coca-Cola Company (NYSE:KO) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,616 shares of the company’s stock after acquiring an additional 164 shares during the quarter. Wells Trecaso Financial Group LLC’s holdings in Coca-Cola were worth $225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cornerstone Wealth Management LLC boosted its stake in shares of Coca-Cola by 3.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 117,359 shares of the company’s stock valued at $7,307,000 after buying an additional 4,288 shares during the period. Brighton Jones LLC raised its holdings in Coca-Cola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares in the last quarter. Secure Asset Management LLC grew its holdings in shares of Coca-Cola by 20.1% during the 4th quarter. Secure Asset Management LLC now owns 34,868 shares of the company’s stock worth $2,171,000 after purchasing an additional 5,843 shares in the last quarter. Red Door Wealth Management LLC increased its position in shares of Coca-Cola by 14.9% in the fourth quarter. Red Door Wealth Management LLC now owns 12,250 shares of the company’s stock worth $763,000 after purchasing an additional 1,589 shares during the period. Finally, Galvin Gaustad & Stein LLC raised its stake in Coca-Cola by 0.9% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 435,277 shares of the company’s stock valued at $27,100,000 after purchasing an additional 3,814 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

KO stock opened at $61.54 on Friday. 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 52-week low of $57.93 and a 52-week high of $73.53. The company has a market capitalization of $265.08 billion, a P/E ratio of 25.43, a PEG ratio of 3.38 and a beta of 0.61. The company has a fifty day moving average price of $62.63 and a 200-day moving average price of $66.40.

Coca-Cola (NYSE:KO) last announced 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. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The firm had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the business earned $0.74 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KO. Truist Financial increased their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised shares of 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. Morgan Stanley lowered their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, UBS Group lowered their target price on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola has an average 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.