The Coca-Cola Company (NYSE:KO) Shares Sold by GDS Wealth Management

GDS Wealth Management reduced its holdings in shares of The Coca-Cola Company (NYSE:KO) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,441 shares of the company’s stock after selling 223 shares during the period. GDS Wealth Management’s holdings in Coca-Cola were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KO. Quarry LP purchased a new stake in Coca-Cola during the 2nd quarter valued at about $27,000. Czech National Bank grew its stake in Coca-Cola by 6.9% during the 3rd quarter. Czech National Bank now owns 790,169 shares of the company’s stock valued at $56,782,000 after purchasing an additional 51,339 shares during the last quarter. GAMMA Investing LLC grew its stake in Coca-Cola by 25.7% during the 3rd quarter. GAMMA Investing LLC now owns 72,924 shares of the company’s stock valued at $5,240,000 after purchasing an additional 14,907 shares during the last quarter. Diversified Trust Co grew its stake in Coca-Cola by 0.6% during the 3rd quarter. Diversified Trust Co now owns 553,864 shares of the company’s stock valued at $39,801,000 after purchasing an additional 3,550 shares during the last quarter. Finally, Consilio Wealth Advisors LLC grew its stake in Coca-Cola by 14.4% during the 3rd quarter. Consilio Wealth Advisors LLC now owns 4,088 shares of the company’s stock valued at $294,000 after purchasing an additional 516 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the stock in a transaction that occurred on 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of Coca-Cola stock opened at $63.36 on Tuesday. The business has a 50 day simple moving average of $62.65 and a two-hundred day simple moving average of $66.39. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The stock has a market capitalization of $272.95 billion, a P/E ratio of 26.18, a PEG ratio of 3.56 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.

Wall Street Analyst Weigh In

KO has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their target price on 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 target price on the stock in a research note on Wednesday, January 8th. Truist Financial upped their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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 note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.