S.A. Mason LLC Boosts Position in The Coca-Cola Company (NYSE:KO)

S.A. Mason LLC lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,702 shares of the company’s stock after acquiring an additional 334 shares during the period. S.A. Mason LLC’s holdings in Coca-Cola were worth $542,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KO. Quarry LP purchased a new stake in shares of Coca-Cola in the second quarter valued at $27,000. Hara Capital LLC purchased a new position in Coca-Cola in the 3rd quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Coca-Cola during the third quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Coca-Cola during the fourth quarter valued at approximately $37,000. Finally, MilWealth Group LLC acquired a new position in Coca-Cola in the 4th quarter valued at $40,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Performance

Shares of KO opened at $63.46 on Monday. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. 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 firm has a market cap of $273.38 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 3.56 and a beta of 0.61. The business’s 50 day moving average is $62.65 and its two-hundred day moving average is $66.38.

Insider Activity

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the transaction, the chief executive officer now owns 342,546 shares of the company’s stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on KO. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Wells Fargo & Company dropped their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Barclays dropped their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.13.

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.