The Coca-Cola Company (NYSE:KO) Holdings Trimmed by Sather Financial Group Inc

Sather Financial Group Inc cut its holdings in The Coca-Cola Company (NYSE:KO) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,400 shares of the company’s stock after selling 1,270 shares during the quarter. Sather Financial Group Inc’s holdings in Coca-Cola were worth $648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KO. Redhawk Wealth Advisors Inc. grew its position in Coca-Cola by 41.3% in the third quarter. Redhawk Wealth Advisors Inc. now owns 8,464 shares of the company’s stock worth $608,000 after buying an additional 2,475 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Coca-Cola by 65.6% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,145 shares of the company’s stock worth $801,000 after acquiring an additional 4,415 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Coca-Cola in the 3rd quarter worth $58,000. Fiduciary Alliance LLC raised its position in shares of Coca-Cola by 35.6% during the third quarter. Fiduciary Alliance LLC now owns 9,690 shares of the company’s stock worth $696,000 after purchasing an additional 2,542 shares during the period. Finally, CX Institutional lifted its holdings in shares of Coca-Cola by 13.4% during the third quarter. CX Institutional now owns 106,956 shares of the company’s stock valued at $7,686,000 after purchasing an additional 12,640 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Stock Up 4.7 %

Shares of NYSE KO opened at $67.61 on Wednesday. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. 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 stock has a market cap of $291.27 billion, a P/E ratio of 27.94, a P/E/G ratio of 3.55 and a beta of 0.61. The firm has a 50 day moving average price of $62.55 and a 200 day moving average price of $66.31.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KO shares. JPMorgan Chase & Co. dropped 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. Wells Fargo & Company dropped their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Piper Sandler reduced their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Finally, UBS Group reduced their target price on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.19.

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.