Integrated Investment Consultants LLC Buys 15,204 Shares of The Coca-Cola Company (NYSE:KO)

Integrated Investment Consultants LLC boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 268.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,864 shares of the company’s stock after buying an additional 15,204 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Coca-Cola were worth $1,299,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its holdings in Coca-Cola by 9.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company’s stock worth $233,000 after acquiring an additional 329 shares in the last quarter. Seven Eight Capital LP purchased a new position in Coca-Cola during the second quarter valued at approximately $995,000. Brighton Jones LLC boosted its position in shares of Coca-Cola by 1.8% in the second quarter. Brighton Jones LLC now owns 36,109 shares of the company’s stock worth $2,298,000 after purchasing an additional 631 shares during the period. Ieq Capital LLC increased its stake in shares of Coca-Cola by 16.6% in the second quarter. Ieq Capital LLC now owns 169,651 shares of the company’s stock worth $10,798,000 after purchasing an additional 24,167 shares in the last quarter. Finally, Trust Investment Advisors bought a new stake in shares of Coca-Cola during the 2nd quarter valued at $312,000. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business’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 transaction 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. The trade was 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 this link. 0.97% of the stock is owned by insiders.

Coca-Cola Stock Up 0.8 %

Shares of NYSE KO opened at $62.76 on Friday. The stock has a market capitalization of $270.34 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 3.35 and a beta of 0.61. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The firm’s 50-day moving average price is $62.71 and its 200-day moving average price is $66.41.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. On average, equities research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley cut their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. 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 report on Thursday. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Two research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.13.

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.