Sen. Marco Rubio Sells The Coca-Cola Company (NYSE:KO) Shares

Senator Marco Rubio (R-Florida) recently sold shares of The Coca-Cola Company (NYSE:KO). In a filing disclosed on February 06th, the Senator disclosed that they had sold between $1,001 and $15,000 in Coca-Cola stock on January 7th.

Senator Marco Rubio also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Cisco Systems (NASDAQ:CSCO) on 1/7/2025.

Coca-Cola Price Performance

KO opened at $63.37 on Friday. The stock has a market cap of $272.96 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. 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 company has a fifty day simple moving average of $62.56 and a 200 day simple moving average of $66.34.

Hedge Funds Weigh In On Coca-Cola

A number of large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Coca-Cola by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company’s stock valued at $4,617,400,000 after buying an additional 11,569,920 shares in the last quarter. FMR LLC lifted its position in Coca-Cola by 13.7% in the third quarter. FMR LLC now owns 92,961,376 shares of the company’s stock valued at $6,680,205,000 after buying an additional 11,206,995 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Coca-Cola in the fourth quarter valued at $500,192,000. Wellington Management Group LLP increased its stake in Coca-Cola by 14.5% during the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company’s stock worth $2,271,885,000 after buying an additional 4,013,996 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Coca-Cola during the 3rd quarter worth $269,382,000. Institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on KO. JPMorgan Chase & Co. decreased their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Barclays cut their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Finally, Morgan Stanley decreased their price target 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 investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.19.

About Senator Rubio

Marco Rubio (Republican Party) is a member of the U.S. Senate from Florida. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Rubio (Republican Party) ran for re-election to the U.S. Senate to represent Florida. He won in the general election on November 8, 2022. Rubio was first elected to the Senate in 2010 to replace retiring incumbent Mel Martinez (R). In the general election, Rubio defeated Kendrick B. Meek (D) and Gov. Charlie Crist (I). Crist had been running in the Republican primary against Rubio but dropped out to run as an independent after polling showed Rubio in the lead. In April 2015, Rubio announced that he was running for president of the United States in 2016 and said he would not seek re-election to his Senate seat in 2016. Rubio dropped out of the presidential election in March 2016 after coming in second to Donald Trump in the Florida Republican primary. In June, Rubio announced that he would seek re-election to his Senate seat. He won re-election with 52 percent of the vote. He previously was a member of the Florida House of Representatives from 2000 to 2008, serving as majority leader from 2003 to 2006 and House speaker from 2006 to 2008. Before serving in the state House, Rubio was a member of the West Miami City Commission. Rubio’s parents immigrated to the United States from Cuba in 1956. On May 18, 2020, Senate Majority Leader Mitch McConnell (R) announced Rubio as the interim chairman of the Senate Intelligence Committee. Rubio replaced Senator Richard Burr (R) who stepped down from the position on May 15, 2020, due to a pending federal investigation. As of a 2014 analysis of multiple outside rankings, Rubio is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Born to a family of Cuban immigrants, Rubio was raised in Miami, FL, and Las Vegas, NV. He attended South Miami Senior High School and graduated in 1989. He then attended Tarkio College for one year on a football scholarship from 1989 to 1990, before enrolling at Santa Fe Community College (later renamed Santa Fe College). He earned a B.S. degree from the University of Florida in 1993 and his J.D. degree cum laude from the University of Miami School of Law in 1996.

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.