Certuity LLC Sells 3,924 Shares of The Coca-Cola Company (NYSE:KO)

Certuity LLC decreased its stake in shares of The Coca-Cola Company (NYSE:KO) by 22.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,841 shares of the company’s stock after selling 3,924 shares during the quarter. Certuity LLC’s holdings in Coca-Cola were worth $862,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Hara Capital LLC acquired a new position in shares of Coca-Cola in the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola during the third quarter valued at $36,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Coca-Cola in the 3rd quarter valued at $43,000. Retirement Wealth Solutions LLC bought a new stake in shares of Coca-Cola in the 4th quarter worth about $37,000. Finally, MilWealth Group LLC bought a new stake in shares of Coca-Cola in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Up 4.7 %

Shares of Coca-Cola stock opened at $67.61 on Wednesday. The business has a fifty day simple moving average of $62.55 and a 200 day simple moving average of $66.31. The stock has a market cap of $291.27 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. 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 Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Analyst Upgrades and Downgrades

KO has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Truist Financial boosted their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Piper Sandler cut their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Two research 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. Based on data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average 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.