Thurston Springer Miller Herd & Titak Inc. Buys 244 Shares of The Coca-Cola Company (NYSE:KO)

Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,950 shares of the company’s stock after purchasing an additional 244 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Coca-Cola were worth $931,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted 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 buying an additional 329 shares during the period. One Capital Management LLC purchased a new position in shares of Coca-Cola in the second quarter valued at about $482,000. WealthPLAN Partners LLC boosted its stake in shares of Coca-Cola by 2.2% in the second quarter. WealthPLAN Partners LLC now owns 17,649 shares of the company’s stock worth $1,123,000 after acquiring an additional 382 shares during the period. Financial & Tax Architects LLC grew its position in shares of Coca-Cola by 4.6% during the second quarter. Financial & Tax Architects LLC now owns 97,096 shares of the company’s stock worth $6,180,000 after purchasing an additional 4,233 shares in the last quarter. Finally, E Fund Management Co. Ltd. raised its stake in Coca-Cola by 12.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 25,150 shares of the company’s stock valued at $1,601,000 after purchasing an additional 2,798 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction 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 sale, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Truist Financial lifted their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Piper Sandler initiated coverage on shares of Coca-Cola in a report on Tuesday, January 7th. They set an “overweight” rating and a $74.00 price objective for the company. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Finally, Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Two 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, the company has a consensus rating of “Moderate Buy” and an average target price of $72.60.

Coca-Cola Stock Down 0.5 %

Shares of KO opened at $61.71 on Thursday. 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. 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 has a fifty day moving average of $62.78 and a 200 day moving average of $66.47.

Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm had revenue of $11.85 billion during 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 business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS. On average, sell-side analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

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.