Hanson & Doremus Investment Management Has $2.71 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Hanson & Doremus Investment Management grew its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,514 shares of the company's stock after acquiring an additional 4,484 shares during the quarter. Hanson & Doremus Investment Management's holdings in Coca-Cola were worth $2,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Coca-Cola in the second quarter valued at about $27,000. Advisory Alpha LLC boosted its stake in shares of Coca-Cola by 6.0% during the 2nd quarter. Advisory Alpha LLC now owns 14,101 shares of the company's stock worth $898,000 after acquiring an additional 804 shares in the last quarter. 3Chopt Investment Partners LLC acquired a new stake in shares of Coca-Cola in the 2nd quarter worth approximately $510,000. Strategic Investment Solutions Inc. IL purchased a new position in Coca-Cola in the 2nd quarter valued at approximately $630,000. Finally, Brown Financial Advisors acquired a new position in Coca-Cola during the second quarter worth $1,601,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Buying and Selling at Coca-Cola

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 transaction, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at $21,933,220.38. This represents a 22.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Stock Up 2.1 %

NYSE:KO traded up $1.34 on Thursday, hitting $64.17. 6,236,729 shares of the company's stock were exchanged, compared to its average volume of 15,987,191. The company has a market cap of $276.41 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. The firm has a 50-day moving average price of $62.65 and a 200-day moving average price of $66.38. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KO shares. 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 research note on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and increased their price target for the company from $69.00 to $75.00 in a research report on Thursday. Truist Financial lifted their price objective on Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Barclays dropped their price target on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, UBS Group decreased their price objective on Coca-Cola from $82.00 to $72.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Coca-Cola has an average rating of "Moderate Buy" and an average price target of $72.13.

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.