GPS Wealth Strategies Group LLC Has $1.72 Million Position in The Coca-Cola Company (NYSE:KO)

GPS Wealth Strategies Group LLC lessened its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,639 shares of the company's stock after selling 12,247 shares during the quarter. GPS Wealth Strategies Group LLC's holdings in Coca-Cola were worth $1,721,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KO. FMR LLC grew its position in shares of Coca-Cola by 13.7% in the third 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 in the last quarter. Wellington Management Group LLP grew its holdings in shares of Coca-Cola by 14.5% in 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 purchasing an additional 4,013,996 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Coca-Cola during the third quarter worth about $269,382,000. Geode Capital Management LLC boosted its holdings in Coca-Cola by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock valued at $6,664,005,000 after purchasing an additional 2,966,964 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in shares of Coca-Cola by 7,006.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company's stock valued at $178,104,000 after buying an additional 2,443,612 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KO. 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. Morgan Stanley reduced their price objective 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. Truist Financial increased their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a "hold" rating to a "buy" rating and boosted their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, Piper Sandler dropped their target price 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 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.com, Coca-Cola currently has a consensus rating of "Moderate Buy" and an average price target of $72.13.

Coca-Cola Stock Performance

NYSE KO traded down $0.81 during trading hours on Tuesday, hitting $62.55. The company had a trading volume of 3,997,285 shares, compared to its average volume of 15,379,812. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The firm has a market cap of $269.43 billion, a P/E ratio of 25.86, a price-to-earnings-growth 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. The business has a fifty day simple moving average of $62.65 and a 200-day simple moving average of $66.39.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business's stock in a transaction on Friday, November 8th. The shares were 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 directly owns 342,546 shares of the company's stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by insiders.

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.