Hunter Associates Investment Management LLC Raises Stake in The Coca-Cola Company (NYSE:KO)

Hunter Associates Investment Management LLC increased its holdings in The Coca-Cola Company (NYSE:KO) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,500 shares of the company’s stock after purchasing an additional 927 shares during the period. Hunter Associates Investment Management LLC’s holdings in Coca-Cola were worth $717,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Coca-Cola in the second quarter worth about $27,000. Hara Capital LLC purchased a new stake in shares of Coca-Cola during the third quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Coca-Cola during the third quarter valued at about $36,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Coca-Cola in the 3rd quarter valued at approximately $43,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Coca-Cola in the 4th quarter valued at approximately $37,000. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KO. Truist Financial increased their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Barclays decreased their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the stock from $69.00 to $75.00 in a research report on Thursday. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and an average price target of $72.13.

Insider Buying and Selling at Coca-Cola

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

Coca-Cola Price Performance

Shares of KO opened at $63.46 on Friday. 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 stock has a market cap 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 1-year low of $57.93 and a 1-year high of $73.53. The firm has a fifty day moving average price of $62.65 and a 200 day moving average price of $66.37.

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.