Buck Wealth Strategies LLC Grows Stock Holdings in The Coca-Cola Company (NYSE:KO)

Buck Wealth Strategies LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 38.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 143,114 shares of the company’s stock after purchasing an additional 39,409 shares during the quarter. Coca-Cola comprises about 1.9% of Buck Wealth Strategies LLC’s holdings, making the stock its 26th biggest holding. Buck Wealth Strategies LLC’s holdings in Coca-Cola were worth $8,910,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Financial Advocates Investment Management grew its stake in shares of Coca-Cola by 5.7% during the 4th quarter. Financial Advocates Investment Management now owns 28,770 shares of the company’s stock valued at $1,791,000 after purchasing an additional 1,551 shares during the period. Beacon Financial Advisory LLC raised its position in shares of Coca-Cola by 78.5% during the 4th quarter. Beacon Financial Advisory LLC now owns 26,510 shares of the company’s stock valued at $1,651,000 after purchasing an additional 11,656 shares during the period. Private Wealth Management Group LLC boosted its stake in shares of Coca-Cola by 47.7% in the fourth quarter. Private Wealth Management Group LLC now owns 703 shares of the company’s stock worth $44,000 after acquiring an additional 227 shares during the period. Adero Partners LLC grew its holdings in Coca-Cola by 88.6% during the 4th quarter. Adero Partners LLC now owns 14,082 shares of the company’s stock valued at $877,000 after buying an additional 6,614 shares in the last quarter. Finally, YANKCOM Partnership purchased a new position in Coca-Cola during the fourth quarter valued at $185,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Piper Sandler cut their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus price target of $72.13.

Insider Buying and Selling

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola 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 completion of the transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO opened at $63.13 on Thursday. The stock has a 50-day moving average of $62.56 and a two-hundred day moving average of $66.34. 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 stock has a market cap of $271.94 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53.

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.