Tanager Wealth Management LLP Has $269,000 Position in The Coca-Cola Company (NYSE:KO)

Tanager Wealth Management LLP grew its position in The Coca-Cola Company (NYSE:KO) by 41.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,315 shares of the company’s stock after buying an additional 1,255 shares during the quarter. Tanager Wealth Management LLP’s holdings in Coca-Cola were worth $269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new position in Coca-Cola during the 2nd quarter worth approximately $27,000. Czech National Bank increased its position in Coca-Cola by 6.9% during the 3rd 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. Miracle Mile Advisors LLC increased its position in Coca-Cola by 11.2% during the 3rd quarter. Miracle Mile Advisors LLC now owns 9,643 shares of the company’s stock worth $693,000 after purchasing an additional 972 shares in the last quarter. Greenfield Savings Bank increased its position in Coca-Cola by 15.2% during the 3rd quarter. Greenfield Savings Bank now owns 18,517 shares of the company’s stock worth $1,331,000 after purchasing an additional 2,443 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Coca-Cola by 61.9% in the 3rd quarter. Versant Capital Management Inc now owns 6,804 shares of the company’s stock valued at $489,000 after acquiring an additional 2,601 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Down 1.1 %

Shares of NYSE KO opened at $62.68 on Wednesday. The firm has a market cap of $270.00 billion, a PE ratio of 25.90, a P/E/G ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The company’s fifty day simple moving average is $62.62 and its 200 day simple moving average is $66.38. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the company’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 transaction, the chief executive officer now owns 342,546 shares in the company, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. UBS Group decreased their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Piper Sandler decreased 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 report on Thursday, January 23rd. Finally, Barclays decreased their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $72.13.

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.