Rep. Robert Bresnahan, Jr. Sells The Coca-Cola Company (NYSE:KO) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of The Coca-Cola Company (NYSE:KO). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Coca-Cola stock on January 21st. The trade occurred in the Representative’s “KUHARCHIK 401K” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $68.85 on Friday. The firm has a market cap of $296.59 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 3.55 and a beta of 0.61. The firm has a fifty day moving average price of $62.90 and a 200 day moving average price of $66.36. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. 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 issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share 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%. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Institutional Trading of Coca-Cola

Several institutional investors and hedge funds have recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in Coca-Cola during the third quarter valued at about $58,000. Creative Planning boosted its holdings in shares of Coca-Cola by 4.0% in the 3rd quarter. Creative Planning now owns 1,852,532 shares of the company’s stock valued at $133,123,000 after buying an additional 70,604 shares in the last quarter. Acorn Creek Capital LLC bought a new stake in shares of Coca-Cola in the 3rd quarter valued at about $207,000. CCG Wealth Management LLC raised its stake in shares of Coca-Cola by 4.3% during the 3rd quarter. CCG Wealth Management LLC now owns 3,614 shares of the company’s stock worth $260,000 after acquiring an additional 149 shares in the last quarter. Finally, Opal Wealth Advisors LLC raised its stake in shares of Coca-Cola by 6.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 15,405 shares of the company’s stock worth $1,107,000 after acquiring an additional 970 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KO shares. Piper Sandler reduced their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Morgan Stanley upped their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group increased their price target on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. Finally, TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $73.82.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.