The Coca-Cola Company (NYSE:KO) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 3.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 60,312 shares of the company’s stock after acquiring an additional 2,276 shares during the quarter. OLD National Bancorp IN’s holdings in Coca-Cola were worth $3,755,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

KO has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Barclays decreased their target price on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $72.13.

Coca-Cola Stock Up 1.9 %

Shares of NYSE:KO opened at $64.05 on Friday. 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 Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The stock’s fifty day simple moving average is $62.65 and its 200-day simple moving average is $66.38. The company has a market capitalization of $275.90 billion, a P/E ratio of 26.47, a P/E/G ratio of 3.52 and a beta of 0.61.

Insider Activity at Coca-Cola

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