Beese Fulmer Investment Management Inc. Cuts Stake in The Coca-Cola Company (NYSE:KO)

Beese Fulmer Investment Management Inc. lowered its holdings in shares of The Coca-Cola Company (NYSE:KO) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 182,279 shares of the company’s stock after selling 6,773 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Coca-Cola were worth $11,349,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Hara Capital LLC bought a new stake in Coca-Cola during the 3rd quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Coca-Cola in the third quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola during the fourth quarter valued at about $37,000. MilWealth Group LLC purchased a new stake in shares of Coca-Cola during the fourth quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Coca-Cola in the third quarter worth about $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KO. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Morgan Stanley cut their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Piper Sandler cut their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company decreased 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 note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.19.

Coca-Cola Trading Up 0.4 %

NYSE KO opened at $63.37 on Friday. The stock’s fifty day moving average price is $62.56 and its 200-day moving average price is $66.34. 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 market cap of $272.96 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53.

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.