Coston McIsaac & Partners Lowers Stock Position in The Coca-Cola Company (NYSE:KO)

Coston McIsaac & Partners lowered its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,719 shares of the company's stock after selling 4,520 shares during the period. Coca-Cola makes up approximately 1.8% of Coston McIsaac & Partners' portfolio, making the stock its 14th largest position. Coston McIsaac & Partners' holdings in Coca-Cola were worth $6,083,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in Coca-Cola in the 2nd quarter worth approximately $27,000. Hara Capital LLC purchased a new position in shares of Coca-Cola during the 3rd quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Coca-Cola during the 3rd quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Coca-Cola during the 4th quarter worth $37,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Coca-Cola during the 3rd quarter worth $43,000. Institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KO shares. Truist Financial lifted their price target 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. TD Cowen upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Wednesday, January 8th. UBS Group lowered their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and lifted their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, Piper Sandler lowered their target price on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $72.13.

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were 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 directly owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.97% of the company's stock.

Coca-Cola Price Performance

NYSE KO traded up $1.22 on Thursday, reaching $64.05. The company had a trading volume of 13,168,449 shares, compared to its average volume of 16,385,412. 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 stock has a market capitalization of $275.90 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. The firm's 50 day moving average price is $62.65 and its 200 day moving average price is $66.38. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53.

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.