E. Ohman J or Asset Management AB Grows Position in The Coca-Cola Company (NYSE:KO)

E. Ohman J or Asset Management AB raised its position in The Coca-Cola Company (NYSE:KO) by 11.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 184,340 shares of the company’s stock after buying an additional 19,040 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Coca-Cola were worth $11,477,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Coca-Cola during the second quarter worth $27,000. Czech National Bank grew its stake in Coca-Cola by 6.9% in the third quarter. Czech National Bank now owns 790,169 shares of the company’s stock worth $56,782,000 after purchasing an additional 51,339 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Coca-Cola by 25.7% during the 3rd quarter. GAMMA Investing LLC now owns 72,924 shares of the company’s stock valued at $5,240,000 after acquiring an additional 14,907 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Coca-Cola by 0.6% in the 3rd quarter. Diversified Trust Co now owns 553,864 shares of the company’s stock valued at $39,801,000 after buying an additional 3,550 shares during the period. Finally, Consilio Wealth Advisors LLC grew its holdings in shares of Coca-Cola by 14.4% during the third quarter. Consilio Wealth Advisors LLC now owns 4,088 shares of the company’s stock valued at $294,000 after purchasing an additional 516 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. 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. Piper Sandler reduced their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. UBS Group decreased their price objective on shares of 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, Barclays dropped their target price on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus price target of $72.13.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction that occurred on Friday, November 8th. The stock was 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 owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by insiders.

Coca-Cola Trading Down 0.2 %

Shares of KO stock opened at $63.36 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 company has a market capitalization of $272.95 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.56 and a beta of 0.61. The firm has a 50-day moving average price of $62.65 and a 200 day moving average price of $66.39. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

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.