Mount Yale Investment Advisors LLC boosted its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 44.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,656 shares of the company's stock after buying an additional 4,535 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in Coca-Cola were worth $912,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Coca-Cola during the second quarter worth about $27,000. Hara Capital LLC acquired a new position in Coca-Cola in the 3rd quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Coca-Cola during the 3rd quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth $37,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Coca-Cola in the third quarter valued at $43,000. Hedge funds and other institutional investors own 70.26% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on KO. Truist Financial increased their price objective 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. Barclays cut their target price on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. TD Cowen raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley cut their price target on shares of Coca-Cola from $78.00 to $76.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Coca-Cola has an average rating of "Moderate Buy" and an average price target of $71.93.
View Our Latest Stock Analysis on KO
Coca-Cola Stock Performance
Shares of KO traded down $1.53 during mid-day trading on Tuesday, reaching $62.34. 14,935,967 shares of the company's stock traded hands, compared to its average volume of 16,871,191. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The stock has a market capitalization of $268.55 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. The business's 50-day moving average price is $62.66 and its 200-day moving average price is $66.42. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.
Insider Activity at Coca-Cola
In other Coca-Cola news, CEO James Quincey sold 100,000 shares of Coca-Cola 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 transaction, the chief executive officer now owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.97% of the company's stock.
About Coca-Cola
(
Free Report)
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.
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