BankPlus Wealth Management LLC Acquires Shares of 7,180 The Coca-Cola Company (NYSE:KO)

BankPlus Wealth Management LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,180 shares of the company's stock, valued at approximately $447,000.

Other hedge funds have also modified their holdings of the company. Magnolia Capital Advisors LLC acquired a new position in shares of Coca-Cola during the 2nd quarter worth about $1,837,000. William B. Walkup & Associates Inc. acquired a new position in shares of Coca-Cola in the second quarter valued at $968,000. Wallace Advisory Group LLC lifted its position in Coca-Cola by 4.4% in the second quarter. Wallace Advisory Group LLC now owns 7,446 shares of the company's stock worth $474,000 after purchasing an additional 315 shares during the period. Second Line Capital LLC increased its holdings in Coca-Cola by 18.5% in the 2nd quarter. Second Line Capital LLC now owns 7,810 shares of the company's stock valued at $501,000 after buying an additional 1,221 shares during the period. Finally, Invst LLC increased its holdings in Coca-Cola by 5.2% in the 2nd quarter. Invst LLC now owns 33,324 shares of the company's stock valued at $2,109,000 after buying an additional 1,645 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Price Performance

Shares of KO traded down $1.53 during mid-day trading on Tuesday, reaching $62.34. The company had a trading volume of 14,935,967 shares, compared to its average volume of 16,871,191. The company's 50 day simple moving average is $62.66 and its 200 day simple moving average is $66.42. The company has a market capitalization of $268.55 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 3.38 and a beta of 0.61. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year 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.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KO shares. UBS Group cut their price target on shares of Coca-Cola from $82.00 to $72.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut their target price 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. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a "hold" rating to a "buy" rating and increased their price target for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Morgan Stanley reduced their price objective on Coca-Cola from $78.00 to $76.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Finally, 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 report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola currently has an average rating of "Moderate Buy" and an average price target of $71.93.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 342,546 shares in the company, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.97% of the company's stock.

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.