Nilsine Partners LLC Boosts Stake in The Coca-Cola Company (NYSE:KO)

Nilsine Partners LLC lifted its holdings in The Coca-Cola Company (NYSE:KO) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,856 shares of the company’s stock after buying an additional 4,175 shares during the period. Nilsine Partners LLC’s holdings in Coca-Cola were worth $2,855,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cherry Creek Investment Advisors Inc. increased its holdings in Coca-Cola by 0.5% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 46,154 shares of the company’s stock worth $2,874,000 after buying an additional 227 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Coca-Cola by 17.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 63,763 shares of the company’s stock worth $3,970,000 after purchasing an additional 9,517 shares during the last quarter. Parsons Capital Management Inc. RI raised its holdings in shares of Coca-Cola by 390.3% in the 4th quarter. Parsons Capital Management Inc. RI now owns 118,162 shares of the company’s stock worth $7,357,000 after purchasing an additional 94,060 shares during the period. Heartland Bank & Trust Co lifted its stake in Coca-Cola by 15.1% in the fourth quarter. Heartland Bank & Trust Co now owns 9,411 shares of the company’s stock valued at $586,000 after purchasing an additional 1,236 shares during the last quarter. Finally, James Hambro & Partners LLP grew its holdings in Coca-Cola by 2.7% during the fourth quarter. James Hambro & Partners LLP now owns 1,311,170 shares of the company’s stock valued at $81,666,000 after purchasing an additional 34,917 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the sale, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on KO. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. UBS Group reduced their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Morgan Stanley reduced their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Finally, TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.07.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $63.84 on Tuesday. The company’s fifty day moving average price is $62.62 and its 200-day moving average price is $66.41. 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 firm has a market capitalization of $275.03 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 3.38 and a beta of 0.61. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53.

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.