Paragon Capital Management Ltd Sells 544 Shares of The Coca-Cola Company (NYSE:KO)

Paragon Capital Management Ltd cut its holdings in The Coca-Cola Company (NYSE:KO) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,833 shares of the company’s stock after selling 544 shares during the period. Paragon Capital Management Ltd’s holdings in Coca-Cola were worth $488,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KO. Massachusetts Financial Services Co. MA increased its holdings in shares of Coca-Cola by 9.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company’s stock worth $233,000 after buying an additional 329 shares during the last quarter. One Capital Management LLC purchased a new position in shares of Coca-Cola during the 2nd quarter worth about $482,000. WealthPLAN Partners LLC boosted its stake in shares of Coca-Cola by 2.2% during the 2nd quarter. WealthPLAN Partners LLC now owns 17,649 shares of the company’s stock worth $1,123,000 after purchasing an additional 382 shares during the period. Financial & Tax Architects LLC boosted its stake in shares of Coca-Cola by 4.6% during the 2nd quarter. Financial & Tax Architects LLC now owns 97,096 shares of the company’s stock worth $6,180,000 after purchasing an additional 4,233 shares during the period. Finally, E Fund Management Co. Ltd. boosted its stake in shares of Coca-Cola by 12.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 25,150 shares of the company’s stock worth $1,601,000 after purchasing an additional 2,798 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Price Performance

Shares of KO opened at $61.71 on Thursday. The company has a 50 day moving average price of $62.78 and a 200-day moving average price of $66.47. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The stock has a market capitalization of $265.83 billion, a PE ratio of 25.50, a PEG ratio of 3.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 EPS. Equities analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on KO shares. Barclays dropped their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, January 8th. Truist Financial lifted their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company dropped their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $72.60.

Insider Buying and Selling

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

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.