Apella Capital LLC Increases Stake in The Coca-Cola Company (NYSE:KO)

Apella Capital LLC boosted its stake in The Coca-Cola Company (NYSE:KO) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,800 shares of the company’s stock after purchasing an additional 267 shares during the quarter. Apella Capital LLC’s holdings in Coca-Cola were worth $672,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Founders Grove Wealth Partners LLC acquired a new stake in Coca-Cola during the fourth quarter worth about $479,000. Meridian Financial Partners LLC lifted its stake in shares of Coca-Cola by 3.4% in the 4th quarter. Meridian Financial Partners LLC now owns 18,553 shares of the company’s stock valued at $1,155,000 after purchasing an additional 611 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Coca-Cola by 1.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,950 shares of the company’s stock worth $931,000 after purchasing an additional 244 shares during the period. Park Avenue Securities LLC increased its position in Coca-Cola by 15.0% during the 4th quarter. Park Avenue Securities LLC now owns 84,080 shares of the company’s stock worth $5,235,000 after purchasing an additional 10,971 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in Coca-Cola by 18.0% during the fourth quarter. Kathmere Capital Management LLC now owns 7,495 shares of the company’s stock valued at $467,000 after buying an additional 1,141 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Trading Down 0.5 %

NYSE:KO opened at $61.71 on Thursday. The company has a market cap of $265.83 billion, a PE ratio of 25.50, a P/E/G ratio of 3.83 and a beta of 0.61. The business’s 50 day moving average is $62.78 and its two-hundred day moving average is $66.47. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.

Coca-Cola (NYSE:KO) 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. 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 in the previous year, the company posted $0.74 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. On average, analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on KO. Piper Sandler assumed coverage on shares of Coca-Cola in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $74.00 price objective for the company. Truist Financial raised their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley decreased their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Barclays dropped their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average price target of $72.60.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders own 0.97% of the company’s stock.

About Coca-Cola

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.