Oakworth Capital Inc. Has $4.99 Million Stake in The Coca-Cola Company (NYSE:KO)

Oakworth Capital Inc. trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,212 shares of the company’s stock after selling 1,879 shares during the period. Coca-Cola accounts for approximately 0.3% of Oakworth Capital Inc.’s holdings, making the stock its 28th largest holding. Oakworth Capital Inc.’s holdings in Coca-Cola were worth $4,994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Buck Wealth Strategies LLC boosted its position in Coca-Cola by 38.0% in the 4th quarter. Buck Wealth Strategies LLC now owns 143,114 shares of the company’s stock valued at $8,910,000 after buying an additional 39,409 shares during the last quarter. Financial Advocates Investment Management boosted its position in Coca-Cola by 5.7% in the 4th quarter. Financial Advocates Investment Management now owns 28,770 shares of the company’s stock valued at $1,791,000 after buying an additional 1,551 shares during the last quarter. Beacon Financial Advisory LLC boosted its position in shares of Coca-Cola by 78.5% in the 4th quarter. Beacon Financial Advisory LLC now owns 26,510 shares of the company’s stock worth $1,651,000 after purchasing an additional 11,656 shares during the last quarter. Private Wealth Management Group LLC boosted its position in shares of Coca-Cola by 47.7% in the 4th quarter. Private Wealth Management Group LLC now owns 703 shares of the company’s stock worth $44,000 after purchasing an additional 227 shares during the last quarter. Finally, Adero Partners LLC boosted its position in shares of Coca-Cola by 88.6% in the 4th quarter. Adero Partners LLC now owns 14,082 shares of the company’s stock worth $877,000 after purchasing an additional 6,614 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 transaction of $6,403,000.00. Following the completion of the transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays reduced their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Morgan Stanley reduced their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Piper Sandler reduced their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Finally, 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. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

Coca-Cola Price Performance

Coca-Cola stock opened at $63.13 on Thursday. 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 stock has a market cap of $271.94 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.56 and a beta of 0.61. The company’s 50 day moving average price is $62.56 and its two-hundred day moving average price is $66.34. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.

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.