The Coca-Cola Company (NYSE:KO) Shares Sold by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC cut its holdings in The Coca-Cola Company (NYSE:KO) by 22.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,913 shares of the company’s stock after selling 5,058 shares during the period. Coca-Cola comprises approximately 0.7% of Eagle Bay Advisors LLC’s holdings, making the stock its 28th biggest position. Eagle Bay Advisors LLC’s holdings in Coca-Cola were worth $1,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital Investment Advisors LLC boosted its holdings in shares of Coca-Cola by 0.8% in the 4th quarter. Capital Investment Advisors LLC now owns 500,194 shares of the company’s stock valued at $31,142,000 after buying an additional 4,017 shares during the period. Brookstone Capital Management boosted its stake in Coca-Cola by 36.3% during the 4th quarter. Brookstone Capital Management now owns 111,063 shares of the company’s stock valued at $6,915,000 after purchasing an additional 29,605 shares during the period. Trust Co. of Toledo NA OH boosted its stake in Coca-Cola by 1.5% during the 4th quarter. Trust Co. of Toledo NA OH now owns 94,051 shares of the company’s stock valued at $5,856,000 after purchasing an additional 1,423 shares during the period. Fiduciary Alliance LLC boosted its stake in Coca-Cola by 87.7% during the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company’s stock valued at $1,132,000 after purchasing an additional 8,499 shares during the period. Finally, Clark & Stuart Inc acquired a new position in Coca-Cola during the 4th quarter valued at about $1,582,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 transaction of $6,403,000.00. Following the transaction, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of analyst reports. Barclays reduced their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Piper Sandler started coverage on shares of Coca-Cola in a research report on Tuesday, January 7th. They set an “overweight” rating and a $74.00 price target on the stock. Finally, Morgan Stanley dropped their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $72.60.

Coca-Cola Trading Up 0.6 %

Shares of KO stock traded up $0.36 during trading hours on Monday, reaching $61.43. 4,828,541 shares of the stock traded hands, compared to its average volume of 14,337,031. The business has a fifty day moving average price of $62.91 and a 200 day moving average price of $66.50. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The firm has a market capitalization of $264.63 billion, a PE ratio of 25.38, a PEG ratio of 3.83 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. On average, equities research analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.485 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 3.16%. Coca-Cola’s dividend payout ratio is presently 80.17%.

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.