Moisand Fitzgerald Tamayo LLC lowered its position in The Coca-Cola Co (NYSE:KO) by 12.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,575 shares of the company’s stock after selling 1,200 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in The Coca-Cola were worth $475,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KO. Tiemann Investment Advisors LLC raised its position in The Coca-Cola by 2.0% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 9,487 shares of the company’s stock worth $516,000 after buying an additional 189 shares during the last quarter. Executive Wealth Management LLC grew its stake in shares of The Coca-Cola by 11.9% during the 3rd quarter. Executive Wealth Management LLC now owns 1,843 shares of the company’s stock valued at $100,000 after acquiring an additional 196 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of The Coca-Cola by 1.2% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 17,168 shares of the company’s stock valued at $935,000 after acquiring an additional 197 shares during the period. M. Kraus & Co grew its stake in shares of The Coca-Cola by 4.2% during the 3rd quarter. M. Kraus & Co now owns 5,009 shares of the company’s stock valued at $273,000 after acquiring an additional 200 shares during the period. Finally, LifePlan Financial Group Inc grew its stake in shares of The Coca-Cola by 6.0% during the 3rd quarter. LifePlan Financial Group Inc now owns 3,558 shares of the company’s stock valued at $194,000 after acquiring an additional 200 shares during the period. 67.54% of the stock is owned by hedge funds and other institutional investors.

KO stock traded down $0.18 during midday trading on Thursday, reaching $56.70. The stock had a trading volume of 332,832 shares, compared to its average volume of 10,573,799. The company’s fifty day simple moving average is $54.65 and its 200 day simple moving average is $53.75. 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 company has a market cap of $239.93 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 3.81 and a beta of 0.42. The Coca-Cola Co has a 52-week low of $44.42 and a 52-week high of $56.98.

The Coca-Cola (NYSE:KO) last issued its earnings results on Friday, October 18th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. The Coca-Cola had a return on equity of 45.21% and a net margin of 22.41%. The business had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same period last year, the company earned $0.57 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts predict that The Coca-Cola Co will post 2.1 EPS for the current year.

A number of brokerages recently issued reports on KO. Morgan Stanley reiterated a “buy” rating and set a $60.00 price objective on shares of The Coca-Cola in a research note on Tuesday, October 29th. Evercore ISI reaffirmed a “buy” rating and set a $60.00 target price on shares of The Coca-Cola in a research report on Sunday, November 17th. Wells Fargo & Co set a $60.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. set a $59.00 price target on The Coca-Cola and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, UBS Group raised The Coca-Cola from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $63.00 in a research note on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.05.

In related news, SVP Nancy Quan sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.90, for a total transaction of $1,293,600.00. Following the completion of the sale, the senior vice president now directly owns 189,049 shares of the company’s stock, valued at approximately $10,189,741.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James L. Dinkins sold 18,389 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $55.00, for a total value of $1,011,395.00. Following the sale, the senior vice president now directly owns 69,344 shares of the company’s stock, valued at $3,813,920. The disclosure for this sale can be found here. Insiders sold a total of 167,678 shares of company stock valued at $9,124,570 over the last ninety days. Corporate insiders own 1.33% of the company’s stock.

About The Coca-Cola

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.

Further Reading: S&P/TSX Index

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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