KG&L Capital Management LLC Has $1.45 Million Stock Position in The Coca-Cola Company (NYSE:KO)

KG&L Capital Management LLC raised its position in The Coca-Cola Company (NYSE:KO) by 71.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,231 shares of the company’s stock after buying an additional 9,712 shares during the period. KG&L Capital Management LLC’s holdings in Coca-Cola were worth $1,446,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Coca-Cola in the second quarter worth $27,000. Czech National Bank grew its stake in shares of Coca-Cola by 6.9% during the third quarter. Czech National Bank now owns 790,169 shares of the company’s stock valued at $56,782,000 after purchasing an additional 51,339 shares during the last quarter. Canandaigua National Bank & Trust Co. increased its holdings in shares of Coca-Cola by 0.8% in the third quarter. Canandaigua National Bank & Trust Co. now owns 86,762 shares of the company’s stock valued at $6,235,000 after purchasing an additional 731 shares in the last quarter. Apella Capital LLC raised its position in Coca-Cola by 1.4% in the 3rd quarter. Apella Capital LLC now owns 10,533 shares of the company’s stock worth $748,000 after purchasing an additional 146 shares during the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new position in Coca-Cola during the 3rd quarter worth $340,000. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

KO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. 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. JPMorgan Chase & Co. reduced their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday. Truist Financial boosted their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

Coca-Cola Trading Down 0.9 %

NYSE:KO opened at $63.46 on Friday. The stock has a market capitalization of $273.38 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The business’s 50-day simple moving average is $62.65 and its 200-day simple moving average is $66.37.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is owned by corporate insiders.

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.