Weaver Capital Management LLC Sells 270 Shares of The Coca-Cola Company (NYSE:KO)

Weaver Capital Management LLC decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,172 shares of the company’s stock after selling 270 shares during the period. Weaver Capital Management LLC’s holdings in Coca-Cola were worth $1,629,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KO. Hager Investment Management Services LLC bought a new position in shares of Coca-Cola in the fourth quarter worth $113,000. Retirement Systems of Alabama grew its position in Coca-Cola by 50.3% in the fourth quarter. Retirement Systems of Alabama now owns 1,812,940 shares of the company’s stock valued at $112,874,000 after acquiring an additional 606,328 shares during the last quarter. Sargent Investment Group LLC grew its position in Coca-Cola by 7.1% in the fourth quarter. Sargent Investment Group LLC now owns 3,658 shares of the company’s stock valued at $226,000 after acquiring an additional 243 shares during the last quarter. Cassia Capital Partners LLC grew its position in Coca-Cola by 41.2% in the fourth quarter. Cassia Capital Partners LLC now owns 16,345 shares of the company’s stock valued at $1,018,000 after acquiring an additional 4,769 shares during the last quarter. Finally, Tanager Wealth Management LLP grew its position in Coca-Cola by 41.0% in the fourth quarter. Tanager Wealth Management LLP now owns 4,315 shares of the company’s stock valued at $269,000 after acquiring an additional 1,255 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial lifted their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Barclays cut their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley cut their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

Insiders Place Their Bets

In other news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, 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 legal filing with the SEC, which is available through this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Trading Down 1.1 %

Shares of KO stock opened at $62.68 on Wednesday. The company has a market cap of $270.00 billion, a P/E ratio of 25.90, a PEG ratio of 3.56 and a beta of 0.61. The stock has a 50 day simple moving average of $62.62 and a two-hundred day simple moving average of $66.38. 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 Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53.

Coca-Cola Company 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.