Oregon Pacific Wealth Management LLC Purchases Shares of 9,869 The Coca-Cola Company (NYSE:KO)

Oregon Pacific Wealth Management LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,869 shares of the company's stock, valued at approximately $614,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP purchased a new position in Coca-Cola in the second quarter valued at about $27,000. Hara Capital LLC acquired a new position in shares of Coca-Cola in the 3rd quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Coca-Cola in the 3rd quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth approximately $37,000. Finally, MilWealth Group LLC bought a new stake in shares of Coca-Cola in the fourth quarter worth $40,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KO has been the topic of a number of research analyst reports. Barclays reduced their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company decreased their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. UBS Group cut 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. TD Cowen upgraded 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, JPMorgan Chase & Co. dropped their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $72.13.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the 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 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.97% of the stock is owned by insiders.

Coca-Cola Stock Performance

Shares of NYSE:KO traded down $0.12 during trading hours on Monday, hitting $63.36. The stock had a trading volume of 12,062,439 shares, compared to its average volume of 15,977,205. The stock's fifty day simple moving average is $62.65 and its 200 day simple moving average is $66.39. The firm has a market capitalization 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 company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. 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.