Buffington Mohr McNeal Has $1.03 Million Position in The Coca-Cola Company (NYSE:KO)

Buffington Mohr McNeal boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,599 shares of the company’s stock after buying an additional 689 shares during the quarter. Buffington Mohr McNeal’s holdings in Coca-Cola were worth $1,033,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new position in Coca-Cola in the second quarter valued at approximately $27,000. Hara Capital LLC bought a new position in shares of Coca-Cola in the 3rd quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Coca-Cola during the third quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth $37,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in Coca-Cola in the third quarter valued at about $43,000. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Price Performance

Shares of Coca-Cola stock opened at $63.84 on Tuesday. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a 50-day simple moving average of $62.62 and a two-hundred day simple moving average of $66.41. The stock has a market capitalization of $275.03 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Insiders Place Their Bets

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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays lowered their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. 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. UBS Group lowered their target price on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.07.

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.