Mediolanum International Funds Ltd Has $43.47 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Mediolanum International Funds Ltd increased its position in The Coca-Cola Company (NYSE:KO - Free Report) by 123.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 702,584 shares of the company's stock after purchasing an additional 388,682 shares during the period. Mediolanum International Funds Ltd's holdings in Coca-Cola were worth $43,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. Quarry LP bought a new position in shares of Coca-Cola during the second quarter valued at $27,000. Hara Capital LLC bought a new position in shares of Coca-Cola during the third quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola during the third quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola during the fourth quarter valued at $37,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Coca-Cola in the third quarter valued at about $43,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO James Quincey sold 100,000 shares of Coca-Cola 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 completion of the sale, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and increased their target price for the company from $68.00 to $70.00 in a report on Thursday, December 12th. UBS Group lowered their target price on Coca-Cola from $82.00 to $72.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Truist Financial increased their target price on Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Jefferies Financial Group raised 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 report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $72.13.

Coca-Cola Stock Performance

Shares of KO stock traded down $0.12 during mid-day trading on Monday, reaching $63.36. The stock had a trading volume of 12,035,812 shares, compared to its average volume of 15,844,047. The business's fifty day moving average is $62.65 and its 200-day moving average is $66.39. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The firm has a market cap of $272.95 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53.

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.