Oak Harvest Investment Services Decreases Stake in The Coca-Cola Company (NYSE:KO)

Oak Harvest Investment Services decreased its holdings in The Coca-Cola Company (NYSE:KO) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,509 shares of the company’s stock after selling 377 shares during the period. Oak Harvest Investment Services’ holdings in Coca-Cola were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Fiduciary Advisors Inc. acquired a new stake in Coca-Cola in the 4th quarter valued at $126,000. Cibc World Market Inc. boosted its holdings in Coca-Cola by 20.2% in the 4th quarter. Cibc World Market Inc. now owns 2,164,106 shares of the company’s stock worth $134,737,000 after acquiring an additional 364,362 shares during the period. Mediolanum International Funds Ltd grew its position in Coca-Cola by 123.8% in the fourth quarter. Mediolanum International Funds Ltd now owns 702,584 shares of the company’s stock valued at $43,474,000 after acquiring an additional 388,682 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Coca-Cola during the fourth quarter worth $920,000. Finally, Capital Investment Advisory Services LLC boosted its stake in shares of Coca-Cola by 3.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 37,397 shares of the company’s stock valued at $2,328,000 after purchasing an additional 1,081 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective 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. Barclays cut their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Truist Financial raised their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the company from $69.00 to $75.00 in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $72.13.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction 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 $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by insiders.

Coca-Cola Stock Up 1.9 %

Shares of KO stock opened at $64.05 on Friday. 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 business’s fifty day moving average is $62.65 and its 200-day moving average is $66.38. The stock has a market cap of $275.90 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 3.52 and a beta of 0.61.

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.