Capital Advisory Group Advisory Services LLC increased its stake in The Coca-Cola Company (NYSE:KO – Get Rating) by 13.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,111 shares of the company's stock after acquiring an additional 984 shares during the period. Capital Advisory Group Advisory Services LLC's holdings in Coca-Cola were worth $454,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paragon Wealth Strategies LLC purchased a new stake in Coca-Cola during the third quarter valued at about $25,000. LFA Lugano Financial Advisors SA purchased a new stake in Coca-Cola during the second quarter valued at about $34,000. Horizons Wealth Management purchased a new stake in Coca-Cola during the second quarter valued at about $34,000. MBM Wealth Consultants LLC boosted its position in Coca-Cola by 298.9% during the third quarter. MBM Wealth Consultants LLC now owns 730 shares of the company's stock valued at $41,000 after buying an additional 547 shares during the period. Finally, Corbenic Partners LLC boosted its position in Coca-Cola by 626.2% during the second quarter. Corbenic Partners LLC now owns 915 shares of the company's stock valued at $58,000 after buying an additional 789 shares during the period. 68.74% of the stock is currently owned by hedge funds and other institutional investors.
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Insiders Place Their Bets
In other Coca-Cola news, SVP Nancy Quan sold 13,746 shares of the company's stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $61.12, for a total value of $840,155.52. Following the sale, the senior vice president now owns 184,710 shares in the company, valued at $11,289,475.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Mark Randazza sold 42,068 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $60.86, for a total transaction of $2,560,258.48. Following the sale, the insider now owns 40,146 shares in the company, valued at $2,443,285.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Nancy Quan sold 13,746 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $61.12, for a total transaction of $840,155.52. Following the sale, the senior vice president now owns 184,710 shares in the company, valued at approximately $11,289,475.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 276,986 shares of company stock worth $17,218,050. 0.98% of the stock is currently owned by company insiders.
Coca-Cola Price Performance
KO stock opened at $60.89 on Thursday. The company has a market cap of $263.32 billion, a P/E ratio of 26.61, a PEG ratio of 3.82 and a beta of 0.57. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.13 and a quick ratio of 0.95. The Coca-Cola Company has a 1 year low of $54.01 and a 1 year high of $67.20. The firm has a 50-day moving average of $62.62 and a 200 day moving average of $61.26.
Coca-Cola (NYSE:KO – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The business had revenue of $11.06 billion for the quarter, compared to analysts' expectations of $10.60 billion. Coca-Cola had a net margin of 23.44% and a return on equity of 42.75%. On average, sell-side analysts forecast that The Coca-Cola Company will post 2.48 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. JPMorgan Chase & Co. set a $64.00 price target on shares of Coca-Cola in a research report on Thursday, December 8th. Evercore ISI cut their price target on shares of Coca-Cola to $68.00 in a research report on Thursday, October 20th. UBS Group upped their price objective on shares of Coca-Cola from $63.00 to $68.00 in a research note on Wednesday, October 26th. Morgan Stanley lowered their price objective on shares of Coca-Cola from $74.00 to $68.00 and set an "overweight" rating for the company in a research note on Tuesday, October 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola from $59.00 to $62.00 and gave the company a "hold" rating in a research note on Tuesday, December 6th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $66.90.
Coca-Cola Company Profile
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The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.
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