The Coca-Cola Company (NYSE:KO) Shares Bought by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC increased its stake in The Coca-Cola Company (NYSE:KO) by 44.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,656 shares of the company’s stock after purchasing an additional 4,535 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Coca-Cola were worth $912,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quarry LP acquired a new stake in Coca-Cola in the second quarter valued at approximately $27,000. Hara Capital LLC acquired a new stake in Coca-Cola during the 3rd quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Coca-Cola during the 3rd quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola during the 4th quarter worth $37,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in Coca-Cola in the 3rd quarter worth $43,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Performance

Shares of NYSE KO opened at $63.84 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The firm’s 50-day moving average price is $62.62 and its two-hundred day moving average price is $66.41. 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 capitalization of $275.03 billion, a P/E ratio of 26.38, a P/E/G ratio of 3.38 and a beta of 0.61.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KO. Barclays dropped their target price on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. 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 reduced 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. Piper Sandler dropped their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, TD Cowen upgraded 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, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus target price of $72.07.

Insider Transactions at Coca-Cola

In other 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 completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.

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.