The Coca-Cola Company (NYSE:KO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 442,222 shares of the company's stock after selling 15,560 shares during the quarter. State of Alaska Department of Revenue's holdings in Coca-Cola were worth $27,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Investment Advisory Group LLC boosted its position in shares of Coca-Cola by 4.5% in the third quarter. Investment Advisory Group LLC now owns 3,378 shares of the company's stock worth $243,000 after purchasing an additional 146 shares during the period. CCG Wealth Management LLC lifted its stake in shares of Coca-Cola by 4.3% during the 3rd quarter. CCG Wealth Management LLC now owns 3,614 shares of the company's stock valued at $260,000 after buying an additional 149 shares in the last quarter. Investment Partners Asset Management Inc. boosted its holdings in Coca-Cola by 2.2% in the 3rd quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company's stock worth $500,000 after buying an additional 150 shares during the period. Blossom Wealth Management increased its stake in Coca-Cola by 3.3% in the 3rd quarter. Blossom Wealth Management now owns 4,890 shares of the company's stock worth $351,000 after buying an additional 155 shares in the last quarter. Finally, Peddock Capital Advisors LLC lifted its position in shares of Coca-Cola by 0.5% in the third quarter. Peddock Capital Advisors LLC now owns 32,437 shares of the company's stock valued at $2,331,000 after acquiring an additional 159 shares in the last quarter. 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 Coca-Cola stock in a transaction dated 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 owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Trading Up 0.4 %

Shares of Coca-Cola stock traded up $0.25 during trading on Thursday, hitting $63.37. The stock had a trading volume of 13,410,332 shares, compared to its average volume of 15,637,591. The stock has a market cap of $272.96 billion, a PE ratio of 26.18, a PEG ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The firm's fifty day simple moving average is $62.56 and its 200-day simple moving average is $66.34. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KO. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a "hold" rating to a "buy" rating and increased their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Barclays dropped their target price on shares of Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday. Finally, Piper Sandler dropped their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Two 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 company's stock. According to MarketBeat, Coca-Cola has an average rating of "Moderate Buy" and an average price target of $72.19.

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.