HHM Wealth Advisors LLC Increases Position in The Coca-Cola Company (NYSE:KO)

HHM Wealth Advisors LLC boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,463 shares of the company’s stock after purchasing an additional 1,313 shares during the period. HHM Wealth Advisors LLC’s holdings in Coca-Cola were worth $651,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. CFM Wealth Partners LLC grew its stake in Coca-Cola by 6.6% in the 4th quarter. CFM Wealth Partners LLC now owns 66,127 shares of the company’s stock valued at $4,117,000 after acquiring an additional 4,096 shares during the period. CCG Wealth Management LLC grew its position in shares of Coca-Cola by 7.0% in the fourth quarter. CCG Wealth Management LLC now owns 3,868 shares of the company’s stock valued at $241,000 after purchasing an additional 254 shares during the period. Stock Yards Bank & Trust Co. increased its stake in shares of Coca-Cola by 1.3% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 248,661 shares of the company’s stock worth $15,482,000 after purchasing an additional 3,108 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of Coca-Cola by 7.9% during the 4th quarter. Valley National Advisers Inc. now owns 4,257 shares of the company’s stock worth $265,000 after purchasing an additional 310 shares during the last quarter. Finally, Level Wealth Management LLC purchased a new position in Coca-Cola in the 4th quarter valued at about $490,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Trading Down 0.9 %

NYSE KO opened at $63.46 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a market capitalization of $273.38 billion, a P/E ratio of 26.22, a PEG ratio of 3.56 and a beta of 0.61. The firm’s 50-day moving average is $62.65 and its two-hundred day moving average is $66.38. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KO shares. Truist Financial boosted their price objective on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Barclays reduced their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Finally, UBS Group dropped their price objective on shares of 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 equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus target price of $72.13.

Insider Activity

In other Coca-Cola 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 value of $6,403,000.00. Following the completion of the transaction, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $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 is available through this link. Insiders own 0.97% of the company’s stock.

Coca-Cola Company 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.