BDF Gestion Reduces Stock Holdings in The Coca-Cola Company (NYSE:KO)

BDF Gestion lessened its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,196 shares of the company's stock after selling 13,402 shares during the quarter. BDF Gestion's holdings in Coca-Cola were worth $6,425,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in Coca-Cola in the second quarter valued at $27,000. Hara Capital LLC purchased a new stake in shares of Coca-Cola in the 3rd quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Coca-Cola in the 3rd quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new position in Coca-Cola during the 4th quarter worth approximately $37,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in Coca-Cola during the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

KO has been the subject of several research analyst reports. UBS Group decreased their price objective on Coca-Cola from $82.00 to $72.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Barclays lowered 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. Piper Sandler reduced their target price on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. TD Cowen raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley reduced their price objective on 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 equities research 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $72.13.

Insiders Place Their Bets

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

Coca-Cola Stock Performance

NYSE:KO opened at $62.86 on Thursday. 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 Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The firm's fifty day simple moving average is $62.65 and its 200-day simple moving average is $66.41. The stock has a market cap of $270.77 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61.

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.

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