Waldron Private Wealth LLC Cuts Holdings in The Coca-Cola Company (NYSE:KO)

Waldron Private Wealth LLC cut its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,423 shares of the company’s stock after selling 297 shares during the quarter. Waldron Private Wealth LLC’s holdings in Coca-Cola were worth $3,762,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KO. Everett Harris & Co. CA increased its holdings in shares of Coca-Cola by 1.7% in the 4th quarter. Everett Harris & Co. CA now owns 110,469 shares of the company’s stock valued at $6,878,000 after acquiring an additional 1,861 shares during the last quarter. Clear Creek Financial Management LLC boosted its holdings in shares of Coca-Cola by 6.2% in the 4th quarter. Clear Creek Financial Management LLC now owns 11,860 shares of the company’s stock valued at $738,000 after buying an additional 691 shares in the last quarter. N.E.W. Advisory Services LLC raised its stake in Coca-Cola by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 10,285 shares of the company’s stock worth $640,000 after acquiring an additional 175 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Coca-Cola in the fourth quarter valued at $243,000. Finally, Austin Private Wealth LLC boosted its stake in Coca-Cola by 45.2% in the fourth quarter. Austin Private Wealth LLC now owns 6,707 shares of the company’s stock valued at $418,000 after acquiring an additional 2,089 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Down 0.9 %

Coca-Cola stock opened at $63.46 on Friday. The firm has a market capitalization of $273.38 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The stock’s fifty day moving average is $62.65 and its two-hundred day moving average is $66.37.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KO shares. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the company from $69.00 to $75.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday. Wells Fargo & Company dropped 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. Finally, UBS Group reduced their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus price target of $72.13.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.97% of the company’s stock.

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.