Money Concepts Capital Corp Purchases 1,656 Shares of The Coca-Cola Company (NYSE:KO)

Money Concepts Capital Corp lifted its holdings in The Coca-Cola Company (NYSE:KO) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,577 shares of the company’s stock after purchasing an additional 1,656 shares during the quarter. Money Concepts Capital Corp’s holdings in Coca-Cola were worth $5,764,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Coca-Cola in the 2nd quarter worth about $27,000. Hara Capital LLC purchased a new position in Coca-Cola in the third quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Coca-Cola during the third quarter worth approximately $36,000. MidAtlantic Capital Management Inc. purchased a new stake in Coca-Cola during the third quarter valued at approximately $43,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $37,000. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

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

Coca-Cola Stock Performance

Shares of NYSE:KO opened at $62.68 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $270.00 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. The firm has a 50 day moving average of $62.59 and a 200 day moving average of $66.36. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.

Analyst Upgrades and Downgrades

KO has been the topic of several recent research reports. Truist Financial increased their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced 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 28th. Wells Fargo & Company dropped their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, UBS Group reduced their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.