KFG Wealth Management LLC Has $257,000 Stake in The Coca-Cola Company (NYSE:KO)

KFG Wealth Management LLC lowered its stake in The Coca-Cola Company (NYSE:KO) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,126 shares of the company’s stock after selling 162 shares during the period. KFG Wealth Management LLC’s holdings in Coca-Cola were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Smith Chas P & Associates PA Cpas increased its holdings in shares of Coca-Cola by 3.0% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 21,820 shares of the company’s stock valued at $1,359,000 after purchasing an additional 642 shares in the last quarter. Moody Lynn & Lieberson LLC increased its holdings in shares of Coca-Cola by 1.7% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 145,366 shares of the company’s stock valued at $9,050,000 after purchasing an additional 2,410 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Coca-Cola by 4.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 34,188 shares of the company’s stock valued at $2,129,000 after purchasing an additional 1,558 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in Coca-Cola by 3.2% in the fourth quarter. Toth Financial Advisory Corp now owns 96,492 shares of the company’s stock valued at $6,008,000 after acquiring an additional 2,953 shares during the last quarter. Finally, CFS Investment Advisory Services LLC boosted its stake in Coca-Cola by 6.8% in the fourth quarter. CFS Investment Advisory Services LLC now owns 45,933 shares of the company’s stock valued at $2,860,000 after acquiring an additional 2,913 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KO shares. Barclays reduced their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company reduced their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. UBS Group reduced 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 note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised shares of 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 note on Thursday, December 12th. Finally, TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $72.07.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were 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 directly owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by insiders.

Coca-Cola Trading Up 0.7 %

KO opened at $61.98 on Monday. The stock has a market capitalization of $267.01 billion, a P/E ratio of 25.61, a P/E/G ratio of 3.38 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 firm’s fifty day simple moving average is $62.62 and its 200 day simple moving average is $66.39. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

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.