Aspiriant LLC Sells 607 Shares of The Coca-Cola Company (NYSE:KO)

Aspiriant LLC cut its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,390 shares of the company’s stock after selling 607 shares during the quarter. Aspiriant LLC’s holdings in Coca-Cola were worth $1,020,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its holdings in shares of Coca-Cola by 10.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 895,068 shares of the company’s stock valued at $55,727,000 after buying an additional 87,920 shares during the last quarter. Royal Fund Management LLC raised its holdings in shares of Coca-Cola by 29.0% in the fourth quarter. Royal Fund Management LLC now owns 32,493 shares of the company’s stock valued at $2,027,000 after buying an additional 7,313 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of Coca-Cola in the fourth quarter valued at about $43,000. Ballentine Partners LLC raised its holdings in shares of Coca-Cola by 1.8% in the fourth quarter. Ballentine Partners LLC now owns 81,972 shares of the company’s stock valued at $5,104,000 after buying an additional 1,468 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. raised its holdings in Coca-Cola by 0.5% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,345,087 shares of the company’s stock worth $83,745,000 after purchasing an additional 6,120 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KO has been the subject of several analyst reports. Barclays decreased their target price on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, January 8th. Truist Financial boosted their target price on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Piper Sandler initiated coverage on Coca-Cola in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $74.00 target price on the stock. Finally, UBS Group cut their target price on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned 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.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola 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 transaction, the chief executive officer now owns 342,546 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is owned by insiders.

Coca-Cola Trading Up 0.8 %

NYSE KO opened at $62.76 on Tuesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The business has a 50 day simple moving average of $62.69 and a 200 day simple moving average of $66.45. The stock has a market capitalization of $270.34 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.43 and a beta of 0.61.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The firm had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Research analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

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.