The Coca-Cola Company (NYSE:KO) Holdings Lowered by Thrive Wealth Management LLC

Thrive Wealth Management LLC cut its stake in The Coca-Cola Company (NYSE:KO) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,353 shares of the company’s stock after selling 368 shares during the period. Thrive Wealth Management LLC’s holdings in Coca-Cola were worth $956,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversify Wealth Management LLC increased its stake in Coca-Cola by 61.6% in the 4th quarter. Diversify Wealth Management LLC now owns 43,947 shares of the company’s stock worth $2,684,000 after purchasing an additional 16,759 shares in the last quarter. Smart Money Group LLC raised its holdings in shares of Coca-Cola by 10.7% during the fourth quarter. Smart Money Group LLC now owns 11,059 shares of the company’s stock valued at $689,000 after acquiring an additional 1,071 shares during the period. Ellsworth Advisors LLC lifted its position in shares of Coca-Cola by 4.9% in the 4th quarter. Ellsworth Advisors LLC now owns 86,031 shares of the company’s stock valued at $5,356,000 after acquiring an additional 4,016 shares in the last quarter. Annex Advisory Services LLC boosted its stake in Coca-Cola by 4.5% in the 4th quarter. Annex Advisory Services LLC now owns 7,897 shares of the company’s stock worth $492,000 after purchasing an additional 339 shares during the period. Finally, Grove Bank & Trust grew its position in Coca-Cola by 2.1% during the 4th quarter. Grove Bank & Trust now owns 11,449 shares of the company’s stock worth $713,000 after purchasing an additional 235 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.8 %

NYSE:KO opened at $62.76 on Monday. 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 company’s 50 day moving average is $62.69 and its 200-day moving average is $66.43. The firm has a market cap 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.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results 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. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the business posted $0.74 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Equities analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current year.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction dated 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 sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of research analyst reports. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, January 8th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. UBS Group lowered their price objective on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday. Wells Fargo & Company cut their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Barclays lowered their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $72.13.

Coca-Cola 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.