Fourpath Capital Management LLC Buys 1,764 Shares of The Coca-Cola Company (NYSE:KO)

Fourpath Capital Management LLC boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.4% during the fourth quarter, Holdings Channel reports. The firm owned 53,402 shares of the company’s stock after purchasing an additional 1,764 shares during the quarter. Fourpath Capital Management LLC’s holdings in Coca-Cola were worth $3,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Coca-Cola in the 2nd quarter worth $27,000. Hara Capital LLC purchased a new stake in Coca-Cola in the third quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola in the third quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Coca-Cola during the 4th quarter valued at about $37,000. Finally, MilWealth Group LLC purchased a new stake in Coca-Cola in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Barclays cut 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 dropped their price objective 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. Piper Sandler decreased their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Morgan Stanley dropped their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Coca-Cola Stock Down 0.2 %

Shares of NYSE KO opened at $63.36 on Tuesday. The stock has a 50 day moving average price of $62.65 and a 200 day moving average price of $66.39. The firm has a market capitalization of $272.95 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

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.