The Coca-Cola Company (NYSE:KO) Shares Sold by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lessened its stake in The Coca-Cola Company (NYSE:KO) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,501 shares of the company’s stock after selling 620 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Coca-Cola were worth $654,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. InTrack Investment Management Inc increased its holdings in Coca-Cola by 33.4% in the fourth quarter. InTrack Investment Management Inc now owns 15,218 shares of the company’s stock valued at $944,000 after buying an additional 3,811 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. grew its position in shares of Coca-Cola by 1.7% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 36,653 shares of the company’s stock worth $2,282,000 after acquiring an additional 620 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Coca-Cola in the 4th quarter worth approximately $37,000. LongView Wealth Management increased its holdings in shares of Coca-Cola by 13.4% in the 4th quarter. LongView Wealth Management now owns 49,182 shares of the company’s stock valued at $3,062,000 after acquiring an additional 5,809 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. raised its position in shares of Coca-Cola by 45.3% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 10,156 shares of the company’s stock valued at $632,000 after acquiring an additional 3,168 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.8 %

Shares of NYSE:KO opened at $62.76 on Friday. The Coca-Cola Company has a twelve month low of $57.93 and a twelve 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 has a market cap of $270.34 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.35 and a beta of 0.61. The company has a 50 day moving average of $62.71 and a 200-day moving average of $66.41.

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 analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The firm had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company posted $0.74 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KO. Piper Sandler began coverage on shares of Coca-Cola in a research note on Tuesday, January 7th. They set an “overweight” rating and a $74.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Morgan Stanley reduced their price objective 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. Finally, TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This 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 accessible through this hyperlink. 0.97% of the stock is owned by corporate insiders.

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.