The Coca-Cola Company (NYSE:KO) Shares Sold by Stratos Investment Management LLC

Stratos Investment Management LLC trimmed its position in The Coca-Cola Company (NYSE:KO) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,030 shares of the company’s stock after selling 683 shares during the quarter. Stratos Investment Management LLC’s holdings in Coca-Cola were worth $1,496,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KO. Quarry LP purchased a new stake in shares of Coca-Cola during the 2nd quarter valued at about $27,000. Czech National Bank increased its holdings in Coca-Cola by 6.9% during the 3rd quarter. Czech National Bank now owns 790,169 shares of the company’s stock worth $56,782,000 after purchasing an additional 51,339 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in Coca-Cola by 11.2% during the 3rd quarter. Miracle Mile Advisors LLC now owns 9,643 shares of the company’s stock worth $693,000 after purchasing an additional 972 shares during the last quarter. Greenfield Savings Bank increased its holdings in Coca-Cola by 15.2% during the 3rd quarter. Greenfield Savings Bank now owns 18,517 shares of the company’s stock worth $1,331,000 after purchasing an additional 2,443 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Coca-Cola by 61.9% during the 3rd quarter. Versant Capital Management Inc now owns 6,804 shares of the company’s stock worth $489,000 after purchasing an additional 2,601 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.97% of the stock is currently owned by insiders.

Coca-Cola Trading Down 1.1 %

Shares of KO stock opened at $62.68 on Wednesday. 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 Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The stock has a fifty day moving average of $62.62 and a two-hundred day moving average of $66.38. The firm has a market capitalization of $270.00 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61.

Analyst Ratings Changes

Several equities research analysts have issued reports on KO shares. Wells Fargo & Company dropped their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. UBS Group dropped their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Piper Sandler decreased their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Two 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.13.

About Coca-Cola

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.