The Coca-Cola Company (NYSE:KO) Stake Cut by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lessened its holdings in The Coca-Cola Company (NYSE:KO) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 319,082 shares of the company’s stock after selling 5,449 shares during the period. GW Henssler & Associates Ltd.’s holdings in Coca-Cola were worth $19,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. MilWealth Group LLC bought a new position in shares of Coca-Cola during the fourth quarter valued at approximately $40,000. HHM Wealth Advisors LLC boosted its position in Coca-Cola by 14.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 10,463 shares of the company’s stock valued at $651,000 after purchasing an additional 1,313 shares during the period. CFM Wealth Partners LLC grew its stake in Coca-Cola by 6.6% during the 4th quarter. CFM Wealth Partners LLC now owns 66,127 shares of the company’s stock worth $4,117,000 after buying an additional 4,096 shares during the last quarter. CCG Wealth Management LLC increased its position in Coca-Cola by 7.0% in the fourth quarter. CCG Wealth Management LLC now owns 3,868 shares of the company’s stock worth $241,000 after buying an additional 254 shares during the period. Finally, Stock Yards Bank & Trust Co. lifted its stake in Coca-Cola by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 248,661 shares of the company’s stock valued at $15,482,000 after buying an additional 3,108 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Down 0.9 %

Shares of NYSE KO opened at $63.46 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a market cap of $273.38 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 3.56 and a beta of 0.61. The business has a fifty day simple moving average of $62.65 and a 200-day simple moving average of $66.38.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business’s 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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KO shares. Piper Sandler reduced their target price 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. Wells Fargo & Company decreased their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $75.00 in a research note on Thursday. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Two equities 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.13.

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.