McLean Asset Management Corp Has $285,000 Stock Position in The Coca-Cola Company (NYSE:KO)

McLean Asset Management Corp boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,585 shares of the company’s stock after purchasing an additional 1,020 shares during the period. McLean Asset Management Corp’s holdings in Coca-Cola were worth $285,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. United Asset Strategies Inc. boosted its position in Coca-Cola by 7.5% during the fourth quarter. United Asset Strategies Inc. now owns 40,866 shares of the company’s stock valued at $2,544,000 after purchasing an additional 2,863 shares during the last quarter. Cornerstone Wealth Group LLC raised its holdings in Coca-Cola by 1.7% during the fourth quarter. Cornerstone Wealth Group LLC now owns 23,376 shares of the company’s stock valued at $1,455,000 after buying an additional 401 shares in the last quarter. waypoint wealth counsel raised its holdings in Coca-Cola by 11.9% during the fourth quarter. waypoint wealth counsel now owns 5,991 shares of the company’s stock valued at $373,000 after buying an additional 637 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Coca-Cola during the fourth quarter valued at about $24,472,000. Finally, Apexium Financial LP raised its holdings in Coca-Cola by 32.3% during the fourth quarter. Apexium Financial LP now owns 10,851 shares of the company’s stock valued at $676,000 after buying an additional 2,652 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group cut their target price on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Piper Sandler cut 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. Truist Financial raised their target price on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.07.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of the stock in a transaction that occurred on 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 directly owns 342,546 shares in the company, valued at $21,933,220.38. This represents a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.7 %

KO stock opened at $61.98 on Monday. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The firm has a market cap of $267.01 billion, a P/E ratio of 25.61, a P/E/G ratio of 3.38 and a beta of 0.61. The business’s 50 day moving average is $62.62 and its 200-day moving average is $66.41. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

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.