Nilsine Partners LLC Buys 4,175 Shares of The Coca-Cola Company (NYSE:KO)

Nilsine Partners LLC raised its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 10.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,856 shares of the company's stock after buying an additional 4,175 shares during the quarter. Nilsine Partners LLC's holdings in Coca-Cola were worth $2,855,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Harvest Portfolios Group Inc. acquired a new position in Coca-Cola in the 3rd quarter valued at approximately $18,383,000. Balentine LLC lifted its holdings in shares of Coca-Cola by 92.4% during the 3rd quarter. Balentine LLC now owns 28,493 shares of the company's stock worth $2,048,000 after acquiring an additional 13,685 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in shares of Coca-Cola by 104.9% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 116,214 shares of the company's stock valued at $8,351,000 after acquiring an additional 59,503 shares in the last quarter. Fiduciary Alliance LLC increased its stake in Coca-Cola by 87.7% in the fourth quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock valued at $1,132,000 after acquiring an additional 8,499 shares during the period. Finally, CIBC Asset Management Inc raised its position in Coca-Cola by 5.8% in the third quarter. CIBC Asset Management Inc now owns 850,802 shares of the company's stock worth $61,122,000 after purchasing an additional 46,541 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group lowered 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. Barclays dropped their price objective on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Wells Fargo & Company reduced their target price on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. TD Cowen upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research report on Wednesday, January 8th. Finally, Truist Financial lifted their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $71.93.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.97% of the company's stock.

Coca-Cola Trading Down 2.4 %

Shares of NYSE:KO traded down $1.53 during midday trading on Tuesday, hitting $62.34. The company had a trading volume of 14,935,967 shares, compared to its average volume of 16,871,191. The stock has a market cap of $268.55 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 3.38 and a beta of 0.61. The firm has a fifty day simple moving average of $62.66 and a 200 day simple moving average of $66.42. 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 Coca-Cola Company has a 12 month low of $57.93 and a 12 month 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.