The Coca-Cola Company (NYSE:KO) Shares Acquired by Rice Partnership LLC

Rice Partnership LLC boosted its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,746 shares of the company's stock after purchasing an additional 6,793 shares during the period. Coca-Cola comprises 1.2% of Rice Partnership LLC's portfolio, making the stock its 26th largest holding. Rice Partnership LLC's holdings in Coca-Cola were worth $6,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KO. FMR LLC raised its position in shares of Coca-Cola by 13.7% during the 3rd quarter. FMR LLC now owns 92,961,376 shares of the company's stock valued at $6,680,205,000 after purchasing an additional 11,206,995 shares during the period. Wellington Management Group LLP raised its holdings in Coca-Cola by 14.5% during the third quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock valued at $2,271,885,000 after acquiring an additional 4,013,996 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Coca-Cola during the third quarter valued at about $269,382,000. Geode Capital Management LLC boosted its stake in shares of Coca-Cola by 3.3% in the third quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock worth $6,664,005,000 after acquiring an additional 2,966,964 shares during the period. Finally, Pathway Financial Advisers LLC raised its stake in Coca-Cola by 7,006.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company's stock valued at $178,104,000 after purchasing an additional 2,443,612 shares during the period. Institutional investors own 70.26% of the company's stock.

Coca-Cola Trading Down 0.2 %

KO stock traded down $0.12 during trading on Monday, hitting $63.36. The company had a trading volume of 12,062,439 shares, compared to its average volume of 15,977,205. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The company has a 50 day simple moving average of $62.65 and a 200-day simple moving average of $66.39. The firm has a market capitalization of $272.95 billion, a P/E ratio of 26.18, a PEG ratio of 3.56 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the sale, the chief executive officer now owns 342,546 shares of the company's stock, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.97% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KO shares. Jefferies Financial Group raised shares of Coca-Cola from a "hold" rating to a "buy" rating and increased their price objective for the company from $69.00 to $75.00 in a report on Thursday. Barclays decreased their price target 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. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Wednesday, January 8th. Piper Sandler reduced their target price on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Finally, UBS Group cut their price target on Coca-Cola from $82.00 to $72.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $72.13.

Coca-Cola Company 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.