Weatherly Asset Management L. P. Buys 3,679 Shares of The Coca-Cola Company (NYSE:KO)

Weatherly Asset Management L. P. raised its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,362 shares of the company’s stock after acquiring an additional 3,679 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Coca-Cola were worth $6,186,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Annex Advisory Services LLC increased its stake in shares of Coca-Cola by 11.3% in the third quarter. Annex Advisory Services LLC now owns 7,558 shares of the company’s stock valued at $543,000 after buying an additional 769 shares in the last quarter. Carnegie Investment Counsel increased its stake in shares of Coca-Cola by 0.9% in the third quarter. Carnegie Investment Counsel now owns 82,488 shares of the company’s stock valued at $5,927,000 after buying an additional 761 shares in the last quarter. Rise Advisors LLC increased its stake in shares of Coca-Cola by 2.8% in the third quarter. Rise Advisors LLC now owns 7,762 shares of the company’s stock valued at $558,000 after buying an additional 214 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in Coca-Cola by 41.3% in the third quarter. Redhawk Wealth Advisors Inc. now owns 8,464 shares of the company’s stock worth $608,000 after purchasing an additional 2,475 shares during the period. Finally, Willis Investment Counsel increased its position in Coca-Cola by 6.2% in the third quarter. Willis Investment Counsel now owns 11,040 shares of the company’s stock worth $793,000 after purchasing an additional 643 shares during the period. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

KO has been the subject of a number of research reports. Barclays lowered their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company lowered 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, January 7th. JPMorgan Chase & Co. lowered 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, January 28th. Piper Sandler lowered their price objective 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, Morgan Stanley lowered their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $72.19.

Coca-Cola Trading Up 1.2 %

NYSE:KO opened at $64.58 on Tuesday. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. 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 capitalization of $278.18 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The business’s 50-day simple moving average is $62.53 and its 200-day simple moving average is $66.32.

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.