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

Liberty Capital Management Inc. decreased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 6.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brown Miller Wealth Management LLC purchased a new stake in shares of Coca-Cola in the third quarter valued at about $218,000. Annex Advisory Services LLC boosted its holdings in Coca-Cola by 11.3% in the 3rd quarter. Annex Advisory Services LLC now owns 7,558 shares of the company’s stock valued at $543,000 after purchasing an additional 769 shares in the last quarter. Retirement Planning Group LLC acquired a new position in Coca-Cola during the 3rd quarter worth approximately $861,000. Carnegie Investment Counsel raised its stake in shares of Coca-Cola by 0.9% during the 3rd quarter. Carnegie Investment Counsel now owns 82,488 shares of the company’s stock worth $5,927,000 after buying an additional 761 shares in the last quarter. Finally, CHICAGO TRUST Co NA lifted its holdings in shares of Coca-Cola by 3.1% in the 3rd quarter. CHICAGO TRUST Co NA now owns 30,886 shares of the company’s stock valued at $2,219,000 after buying an additional 928 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Barclays lowered their price target 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. Piper Sandler reduced their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded 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 research report on Thursday, December 12th. Finally, Truist Financial lifted their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average price target of $72.19.

Coca-Cola Stock Performance

Coca-Cola stock opened at $63.84 on Monday. 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 company has a market capitalization of $275.03 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The stock has a fifty day moving average of $62.53 and a two-hundred day moving average of $66.32.

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.