The Coca-Cola Company (NYSE:KO) Shares Sold by BDF Gestion

BDF Gestion trimmed its position in The Coca-Cola Company (NYSE:KO) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,196 shares of the company’s stock after selling 13,402 shares during the period. BDF Gestion’s holdings in Coca-Cola were worth $6,425,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Affirmative Financial Network lifted its stake in shares of Coca-Cola by 13.2% during the fourth quarter. First Affirmative Financial Network now owns 7,954 shares of the company’s stock valued at $495,000 after buying an additional 929 shares during the period. Synergy Asset Management LLC raised its holdings in Coca-Cola by 9,502.6% in the 4th quarter. Synergy Asset Management LLC now owns 510,860 shares of the company’s stock valued at $31,592,000 after acquiring an additional 505,540 shares during the last quarter. Highland Capital Management LLC lifted its stake in shares of Coca-Cola by 56.7% during the 4th quarter. Highland Capital Management LLC now owns 81,995 shares of the company’s stock worth $5,105,000 after purchasing an additional 29,675 shares during the period. Hanson & Doremus Investment Management boosted its holdings in shares of Coca-Cola by 11.5% during the fourth quarter. Hanson & Doremus Investment Management now owns 43,514 shares of the company’s stock worth $2,709,000 after purchasing an additional 4,484 shares during the last quarter. Finally, Field & Main Bank grew its position in shares of Coca-Cola by 6.0% in the fourth quarter. Field & Main Bank now owns 43,639 shares of the company’s stock valued at $2,717,000 after purchasing an additional 2,455 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KO has been the topic of a number of research analyst reports. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the stock from $69.00 to $75.00 in a research note on Thursday. Morgan Stanley lowered their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Barclays dropped their price target 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. Truist Financial boosted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, 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 research report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.13.

Coca-Cola Stock Up 0.8 %

Shares of Coca-Cola stock opened at $62.86 on Thursday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The business has a 50-day moving average of $62.65 and a 200-day moving average of $66.41. The company has a market capitalization of $270.77 billion, a PE ratio of 25.97, a P/E/G ratio of 3.38 and a beta of 0.61.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. 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 owned by insiders.

About Coca-Cola

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.