KG&L Capital Management LLC Acquires 9,712 Shares of The Coca-Cola Company (NYSE:KO)

KG&L Capital Management LLC increased its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 71.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,231 shares of the company's stock after acquiring an additional 9,712 shares during the quarter. KG&L Capital Management LLC's holdings in Coca-Cola were worth $1,446,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

KO has been the topic of several research reports. Truist Financial increased their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a "hold" rating to a "buy" rating and raised their target price for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Piper Sandler decreased their price target on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Finally, Barclays reduced their price target on shares of Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Two research 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 stock. According to data from MarketBeat, Coca-Cola presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.13.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the stock in a transaction dated Friday, November 8th. The stock was 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 directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by insiders.

Coca-Cola Trading Down 0.2 %

Coca-Cola stock traded down $0.12 during mid-day trading on Monday, hitting $63.36. 12,062,439 shares of the company's stock were exchanged, compared to its average volume of 15,977,205. The company's 50 day simple moving average is $62.65 and its 200-day simple moving average is $66.39. 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 firm has a market capitalization of $272.95 billion, a P/E ratio of 26.18, a PEG 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.

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.