Dupree Financial Group LLC Acquires 186 Shares of The Coca-Cola Company (NYSE:KO)

Dupree Financial Group LLC grew its holdings in The Coca-Cola Company (NYSE:KO) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,376 shares of the company’s stock after acquiring an additional 186 shares during the period. Dupree Financial Group LLC’s holdings in Coca-Cola were worth $210,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KO. abrdn plc boosted its position in Coca-Cola by 0.3% during the fourth quarter. abrdn plc now owns 7,238,640 shares of the company’s stock worth $447,963,000 after purchasing an additional 22,904 shares during the period. Trust Point Inc. lifted its stake in shares of Coca-Cola by 4.6% in the fourth quarter. Trust Point Inc. now owns 22,868 shares of the company’s stock worth $1,424,000 after buying an additional 1,006 shares during the last quarter. Fourpath Capital Management LLC boosted its holdings in shares of Coca-Cola by 3.4% during the 4th quarter. Fourpath Capital Management LLC now owns 53,402 shares of the company’s stock worth $3,325,000 after buying an additional 1,764 shares during the period. Financial Life Planners acquired a new position in Coca-Cola in the 4th quarter valued at $103,000. Finally, Rice Partnership LLC raised its holdings in Coca-Cola by 7.1% in the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company’s stock worth $6,397,000 after acquiring an additional 6,793 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total value 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 $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.97% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Barclays decreased 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. Morgan Stanley reduced 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. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Finally, TD Cowen upgraded 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 equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Coca-Cola Stock Down 0.2 %

Shares of Coca-Cola stock opened at $63.36 on Tuesday. The firm has a market cap of $272.95 billion, a PE ratio of 26.18, a P/E/G ratio of 3.56 and a beta of 0.61. The business’s 50 day simple moving average is $62.65 and its 200 day simple moving average is $66.39. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53.

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.