Retirement Wealth Solutions LLC Acquires New Shares in The Coca-Cola Company (NYSE:KO)

Retirement Wealth Solutions LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 613 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors have also recently bought and sold shares of the business. LongView Wealth Management lifted its stake 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. O Keefe Stevens Advisory Inc. raised its position in Coca-Cola by 45.3% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 10,156 shares of the company’s stock valued at $632,000 after purchasing an additional 3,168 shares during the last quarter. Whitener Capital Management Inc. boosted its stake in shares of Coca-Cola by 2.0% during the fourth quarter. Whitener Capital Management Inc. now owns 34,336 shares of the company’s stock valued at $2,138,000 after purchasing an additional 673 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Coca-Cola by 11.9% during the fourth quarter. Merit Financial Group LLC now owns 99,793 shares of the company’s stock worth $6,213,000 after purchasing an additional 10,632 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC increased its stake in shares of Coca-Cola by 92.7% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 35,584 shares of the company’s stock valued at $2,215,000 after buying an additional 17,118 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In related 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 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 trade represents a 22.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is owned by insiders.

Coca-Cola Trading Up 0.8 %

KO opened at $62.76 on Friday. The company has a market cap of $270.34 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.61. The company has a fifty day moving average price of $62.71 and a two-hundred day moving average price of $66.41. 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 Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53.

Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. Analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Morgan Stanley lowered their target price 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. Wells Fargo & Company reduced their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, UBS Group lowered their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.13.

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.