Zhang Financial LLC Has $659,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Zhang Financial LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,591 shares of the company’s stock after purchasing an additional 694 shares during the quarter. Zhang Financial LLC’s holdings in Coca-Cola were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KO. Quarry LP bought a new stake in shares of Coca-Cola in the 2nd quarter valued at $27,000. Hara Capital LLC acquired a new stake in Coca-Cola during the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola in the 3rd quarter worth $36,000. MidAtlantic Capital Management Inc. acquired a new stake in Coca-Cola in the 3rd quarter valued at approximately $43,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Coca-Cola in the fourth quarter worth $37,000. 70.26% of the stock is owned by institutional investors.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction on 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 in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by insiders.

Coca-Cola Trading Up 0.8 %

Shares of NYSE:KO opened at $62.76 on Tuesday. The company has a market capitalization of $270.34 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.35 and a beta of 0.61. 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 business’s 50 day simple moving average is $62.69 and its 200 day simple moving average is $66.45. 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 posted its quarterly 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. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The business had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Coca-Cola’s revenue for the quarter was down .8% compared to the same quarter last year. On average, research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

KO has been the topic of several recent research reports. Wells Fargo & Company lowered their price target 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. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Morgan Stanley decreased their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. UBS Group dropped their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and an average target price 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.