KG&L Capital Management LLC Has $1.45 Million Stock Position in The Coca-Cola Company (NYSE:KO)

KG&L Capital Management LLC boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 71.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,231 shares of the company’s stock after acquiring an additional 9,712 shares during the quarter. KG&L Capital Management LLC’s holdings in Coca-Cola were worth $1,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. raised its holdings in shares of Coca-Cola by 17.3% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 37,734 shares of the company’s stock worth $2,349,000 after acquiring an additional 5,565 shares in the last quarter. Concord Wealth Partners increased its position in Coca-Cola by 13.1% in the 4th quarter. Concord Wealth Partners now owns 75,961 shares of the company’s stock worth $4,729,000 after purchasing an additional 8,774 shares during the last quarter. Concord Asset Management LLC VA raised its stake in shares of Coca-Cola by 12.7% during the 4th quarter. Concord Asset Management LLC VA now owns 66,704 shares of the company’s stock worth $4,153,000 after purchasing an additional 7,515 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Coca-Cola by 2.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 36,594 shares of the company’s stock valued at $2,258,000 after buying an additional 962 shares during the last quarter. Finally, Everett Harris & Co. CA grew its stake in shares of Coca-Cola by 1.7% in the 4th quarter. Everett Harris & Co. CA now owns 110,469 shares of the company’s stock valued at $6,878,000 after buying an additional 1,861 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is owned by company insiders.

Coca-Cola Stock Performance

NYSE KO opened at $63.46 on Friday. The company’s fifty day moving average is $62.65 and its two-hundred day moving average is $66.37. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. 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 firm has a market capitalization of $273.38 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 3.52 and a beta of 0.61.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Truist Financial raised their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the stock from $69.00 to $75.00 in a report on Thursday. 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. Finally, JPMorgan Chase & Co. decreased their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.