Choreo LLC Acquires 92,041 Shares of The Coca-Cola Company (NYSE:KO)

Choreo LLC boosted its holdings in The Coca-Cola Company (NYSE:KO) by 47.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,124 shares of the company’s stock after acquiring an additional 92,041 shares during the quarter. Choreo LLC’s holdings in Coca-Cola were worth $17,834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Coca-Cola during the 2nd quarter valued at $27,000. Czech National Bank lifted its holdings in shares of Coca-Cola by 6.9% during the 3rd quarter. Czech National Bank now owns 790,169 shares of the company’s stock valued at $56,782,000 after buying an additional 51,339 shares during the period. Miracle Mile Advisors LLC lifted its holdings in shares of Coca-Cola by 11.2% during the 3rd quarter. Miracle Mile Advisors LLC now owns 9,643 shares of the company’s stock valued at $693,000 after buying an additional 972 shares during the period. Greenfield Savings Bank raised its holdings in Coca-Cola by 15.2% in the 3rd quarter. Greenfield Savings Bank now owns 18,517 shares of the company’s stock worth $1,331,000 after purchasing an additional 2,443 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Coca-Cola by 61.9% in the 3rd quarter. Versant Capital Management Inc now owns 6,804 shares of the company’s stock worth $489,000 after purchasing an additional 2,601 shares during the period. 70.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays decreased their target price on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Piper Sandler cut their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. 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 research note on Thursday, January 16th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company cut 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, January 7th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $72.13.

Coca-Cola Stock Performance

Coca-Cola stock opened at $62.68 on Wednesday. The company has a market capitalization of $270.00 billion, a PE ratio of 25.90, a P/E/G ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The company has a 50 day moving average price of $62.59 and a 200-day moving average price of $66.36.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction on 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 transaction, the chief executive officer now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is currently owned by insiders.

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.