The Coca-Cola Company (NYSE:KO) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC decreased its position in The Coca-Cola Company (NYSE:KO) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,230 shares of the company’s stock after selling 451 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Coca-Cola were worth $824,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in shares of Coca-Cola in the second quarter worth $27,000. Hara Capital LLC purchased a new stake in Coca-Cola during the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola in the 3rd quarter valued at about $36,000. MidAtlantic Capital Management Inc. purchased a new position in Coca-Cola in the 3rd quarter valued at about $43,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

KO has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. UBS Group lowered their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, January 8th. Finally, Morgan Stanley dropped their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $72.13.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Price Performance

Shares of KO stock opened at $63.46 on Friday. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a market capitalization of $273.38 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The firm has a fifty day simple moving average of $62.65 and a 200-day simple moving average of $66.37.

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.