Sargent Investment Group LLC Has $226,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Sargent Investment Group LLC increased its holdings in The Coca-Cola Company (NYSE:KO) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,658 shares of the company’s stock after buying an additional 243 shares during the quarter. Sargent Investment Group LLC’s holdings in Coca-Cola were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cassia Capital Partners LLC raised its position in Coca-Cola by 41.2% in the fourth quarter. Cassia Capital Partners LLC now owns 16,345 shares of the company’s stock worth $1,018,000 after purchasing an additional 4,769 shares in the last quarter. Tanager Wealth Management LLP raised its position in Coca-Cola by 41.0% in the fourth quarter. Tanager Wealth Management LLP now owns 4,315 shares of the company’s stock worth $269,000 after purchasing an additional 1,255 shares in the last quarter. E. Ohman J or Asset Management AB raised its position in Coca-Cola by 11.5% in the fourth quarter. E. Ohman J or Asset Management AB now owns 184,340 shares of the company’s stock worth $11,477,000 after purchasing an additional 19,040 shares in the last quarter. James J. Burns & Company LLC grew its stake in Coca-Cola by 27.2% during the fourth quarter. James J. Burns & Company LLC now owns 8,212 shares of the company’s stock worth $511,000 after buying an additional 1,758 shares during the last quarter. Finally, Mather Group LLC. grew its stake in Coca-Cola by 0.6% during the fourth quarter. Mather Group LLC. now owns 61,102 shares of the company’s stock worth $3,804,000 after buying an additional 337 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of KO stock opened at $63.13 on Thursday. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The stock has a market cap of $271.94 billion, a PE ratio of 26.09, a PEG ratio of 3.56 and a beta of 0.61. 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’s 50 day moving average price is $62.59 and its two-hundred day moving average price is $66.36.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Piper Sandler decreased their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Barclays decreased their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the stock 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 stock a “buy” rating in a research note on Wednesday, October 16th. Finally, TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Two 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 company’s stock. According to data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and an average price target of $72.13.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the stock in a transaction 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 approximately $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.97% of the company’s stock.

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.