Clear Creek Financial Management LLC grew its holdings in shares of The Coca-Cola Co (NYSE:KO) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,080 shares of the company’s stock after acquiring an additional 1,151 shares during the quarter. Clear Creek Financial Management LLC’s holdings in The Coca-Cola were worth $338,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Pictet Asset Management Ltd. increased its stake in shares of The Coca-Cola by 14.2% in the second quarter. Pictet Asset Management Ltd. now owns 3,112,703 shares of the company’s stock valued at $158,499,000 after buying an additional 386,299 shares during the period. Bernardo Wealth Planning LLC increased its stake in shares of The Coca-Cola by 56.7% in the second quarter. Bernardo Wealth Planning LLC now owns 8,398 shares of the company’s stock valued at $428,000 after buying an additional 3,038 shares during the period. Assetmark Inc. increased its stake in shares of The Coca-Cola by 21.8% in the second quarter. Assetmark Inc. now owns 14,227 shares of the company’s stock valued at $725,000 after buying an additional 2,549 shares during the period. PointState Capital LP acquired a new position in shares of The Coca-Cola in the second quarter valued at approximately $19,278,000. Finally, Man Group plc increased its stake in shares of The Coca-Cola by 24.9% in the second quarter. Man Group plc now owns 920,033 shares of the company’s stock valued at $46,848,000 after buying an additional 183,251 shares during the period. 67.54% of the stock is owned by hedge funds and other institutional investors.
NYSE:KO traded up $0.15 on Friday, reaching $56.97. 3,913,646 shares of the stock traded hands, compared to its average volume of 13,193,591. The firm has a market capitalization of $239.93 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 3.81 and a beta of 0.42. The company’s 50 day moving average is $54.71 and its 200-day moving average is $53.78. The company has a current ratio of 0.92, a quick ratio of 0.79 and a debt-to-equity ratio of 1.50. The Coca-Cola Co has a 1-year low of $44.42 and a 1-year high of $56.98.
The Coca-Cola (NYSE:KO) last released its earnings results on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. The business had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.42 billion. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, equities research analysts forecast that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.
KO has been the subject of several recent research reports. Deutsche Bank upped their price objective on The Coca-Cola from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley reaffirmed a “buy” rating and issued a $60.00 price objective on shares of The Coca-Cola in a research note on Tuesday, October 29th. ValuEngine downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. set a $59.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, UBS Group raised The Coca-Cola from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $63.00 in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $57.05.
In other news, SVP Nancy Quan sold 10,000 shares of The Coca-Cola stock in a transaction on Monday, January 13th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the senior vice president now owns 175,049 shares in the company, valued at approximately $8,052,254. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Larry M. Mark sold 90,289 shares of The Coca-Cola stock in a transaction on Friday, December 20th. The shares were sold at an average price of $54.93, for a total transaction of $4,959,574.77. Following the completion of the sale, the vice president now owns 93,474 shares of the company’s stock, valued at approximately $5,134,526.82. The disclosure for this sale can be found here. Insiders have sold a total of 149,289 shares of company stock valued at $8,113,175 in the last three months. Insiders own 1.33% of the company’s stock.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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