Tyche Wealth Partners LLC Buys 1,633 Shares of The Coca-Cola Company (NYSE:KO)

Tyche Wealth Partners LLC lifted its holdings in The Coca-Cola Company (NYSE:KO) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 49,447 shares of the company’s stock after purchasing an additional 1,633 shares during the period. Tyche Wealth Partners LLC’s holdings in Coca-Cola were worth $3,079,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Hara Capital LLC purchased a new stake in shares of Coca-Cola in the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Coca-Cola in the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Coca-Cola in the 4th quarter worth approximately $37,000. MilWealth Group LLC purchased a new stake in shares of Coca-Cola in the 4th quarter worth approximately $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Coca-Cola in the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KO shares. Morgan Stanley lowered their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Barclays decreased their target price 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. Piper Sandler decreased their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their target price for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Finally, Truist Financial increased their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.13.

Coca-Cola Stock Up 0.7 %

NYSE:KO opened at $63.13 on Thursday. The firm has a market capitalization of $271.94 billion, a P/E ratio of 26.09, a PEG ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The company’s fifty day moving average price is $62.59 and its 200-day moving average price is $66.36. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.97% of the company’s stock.

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.