Greenup Street Wealth Management LLC Has $255,000 Holdings in The Coca-Cola Company (NYSE:KO)

Greenup Street Wealth Management LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 25.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,103 shares of the company’s stock after buying an additional 845 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Coca-Cola were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Coca-Cola during the second quarter worth $27,000. Hara Capital LLC acquired a new stake in Coca-Cola in the 3rd quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola during the 3rd quarter worth approximately $36,000. MidAtlantic Capital Management Inc. bought a new position in shares of Coca-Cola during the 3rd quarter worth approximately $43,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $37,000. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Barclays dropped 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. Truist Financial raised their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Piper Sandler decreased their price objective 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. Finally, TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $72.07.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $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 SEC, which is available through this link. 0.97% of the stock is currently owned by insiders.

Coca-Cola Trading Up 3.1 %

Shares of KO stock opened at $63.84 on Tuesday. The stock has a market cap of $275.03 billion, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The stock has a 50 day simple moving average of $62.62 and a 200 day simple moving average of $66.41. The Coca-Cola Company has a 1 year low of $57.93 and a 1 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.