Crews Bank & Trust Purchases Shares of 14,782 The Coca-Cola Company (NYSE:KO)

Crews Bank & Trust acquired a new stake in shares of The Coca-Cola Company (NYSE:KO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,782 shares of the company’s stock, valued at approximately $920,000.

Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in Coca-Cola during the second quarter valued at $27,000. Advisory Alpha LLC lifted its stake in shares of Coca-Cola by 6.0% during the 2nd quarter. Advisory Alpha LLC now owns 14,101 shares of the company’s stock worth $898,000 after acquiring an additional 804 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new stake in Coca-Cola in the second quarter worth $510,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Coca-Cola during the second quarter valued at $630,000. Finally, Brown Financial Advisors purchased a new stake in shares of Coca-Cola in the 2nd quarter worth approximately $1,601,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other news, CEO James Quincey sold 100,000 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KO. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the company from $69.00 to $75.00 in a research note on Thursday. Barclays reduced their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Piper Sandler decreased their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, 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 research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.13.

Coca-Cola Stock Performance

Shares of KO stock opened at $63.92 on Thursday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The firm has a market cap of $275.34 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 3.38 and a beta of 0.61. The stock’s 50-day moving average is $62.65 and its two-hundred day moving average is $66.41.

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.