Crews Bank & Trust Invests $920,000 in The Coca-Cola Company (NYSE:KO)

Crews Bank & Trust bought a new position in The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 14,782 shares of the company's stock, valued at approximately $920,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Coca-Cola during the 2nd quarter worth approximately $27,000. Hara Capital LLC purchased a new position in Coca-Cola in the third quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Coca-Cola during the third quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola in the fourth quarter valued at $37,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Coca-Cola in the 3rd quarter valued at $43,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value 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. This trade represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Barclays lowered their target price on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a report on Friday, January 17th. UBS Group cut their price target on shares of Coca-Cola from $82.00 to $72.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Truist Financial upped their target price 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. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.13.

Coca-Cola Stock Performance

KO traded up $1.22 during trading on Thursday, reaching $64.05. The company's stock had a trading volume of 13,168,449 shares, compared to its average volume of 16,385,412. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The company's fifty day moving average price is $62.65 and its 200-day moving average price is $66.38. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The company has a market capitalization of $275.90 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61.

Coca-Cola Company 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.