The Coca-Cola Company (NYSE:KO) Shares Sold by Liberty Capital Management Inc.

Liberty Capital Management Inc. lowered its stake in The Coca-Cola Company (NYSE:KO) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,847 shares of the company’s stock after selling 257 shares during the quarter. Liberty Capital Management Inc.’s holdings in Coca-Cola were worth $240,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KO. Compass Financial Services Inc purchased a new position in shares of Coca-Cola during the fourth quarter worth $153,000. Newbridge Financial Services Group Inc. lifted its stake in Coca-Cola by 62.2% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 26,708 shares of the company’s stock worth $1,663,000 after acquiring an additional 10,240 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Coca-Cola by 12.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 195,825 shares of the company’s stock valued at $12,192,000 after acquiring an additional 22,404 shares during the period. Stephens Inc. AR grew its position in Coca-Cola by 4.6% in the 4th quarter. Stephens Inc. AR now owns 428,003 shares of the company’s stock valued at $26,647,000 after acquiring an additional 18,878 shares in the last quarter. Finally, Rede Wealth LLC increased its stake in Coca-Cola by 5.5% during the fourth quarter. Rede Wealth LLC now owns 5,707 shares of the company’s stock worth $355,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.8 %

NYSE KO opened at $63.84 on Monday. The firm’s fifty day moving average price is $62.53 and its 200 day moving average price is $66.32. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. 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 company has a market capitalization of $275.03 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KO shares. 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 report on Thursday, January 16th. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their price target for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Morgan Stanley reduced their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, January 8th. Finally, Piper Sandler reduced their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

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.