Concord Asset Management LLC VA Boosts Position in The Coca-Cola Company (NYSE:KO)

Concord Asset Management LLC VA lifted its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 66,704 shares of the company's stock after purchasing an additional 7,515 shares during the period. Coca-Cola comprises about 0.9% of Concord Asset Management LLC VA's investment portfolio, making the stock its 27th biggest position. Concord Asset Management LLC VA's holdings in Coca-Cola were worth $4,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in shares of Coca-Cola by 13.7% during 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. Wellington Management Group LLP increased its position in shares of Coca-Cola by 14.5% during the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock valued at $2,271,885,000 after purchasing an additional 4,013,996 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Coca-Cola in the third quarter worth approximately $269,382,000. Geode Capital Management LLC increased its position in Coca-Cola by 3.3% in the third quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock worth $6,664,005,000 after buying an additional 2,966,964 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its position in shares of Coca-Cola by 7,006.8% in the third quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company's stock worth $178,104,000 after purchasing an additional 2,443,612 shares during the period. Institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Down 0.2 %

NYSE KO traded down $0.12 during trading hours on Monday, hitting $63.36. The company had a trading volume of 12,062,439 shares, compared to its average volume of 15,977,205. The company has a market capitalization of $272.95 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.56 and a beta of 0.61. 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 50 day moving average is $62.65 and its 200 day moving average is $66.39. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and increased their target price for the company from $69.00 to $75.00 in a research report on Thursday. UBS Group dropped their target price on Coca-Cola from $82.00 to $72.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Piper Sandler reduced their price objective on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Coca-Cola has an average rating of "Moderate Buy" and a consensus price target of $72.13.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 342,546 shares of the company's stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is currently owned by insiders.

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.