Migdal Insurance & Financial Holdings Ltd. Sells 695 Shares of The Coca-Cola Company (NYSE:KO)

Migdal Insurance & Financial Holdings Ltd. cut its stake in The Coca-Cola Company (NYSE:KO) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,439 shares of the company’s stock after selling 695 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Coca-Cola were worth $276,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. American Financial & Tax Strategies Inc. raised its position in shares of Coca-Cola by 3.4% in the fourth quarter. American Financial & Tax Strategies Inc. now owns 6,477 shares of the company’s stock valued at $403,000 after purchasing an additional 212 shares during the period. Strategic Financial Concepts LLC bought a new position in Coca-Cola during the fourth quarter worth about $9,075,000. Ledyard National Bank increased its position in Coca-Cola by 12.5% during the fourth quarter. Ledyard National Bank now owns 21,529 shares of the company’s stock worth $1,340,000 after acquiring an additional 2,398 shares during the period. Leo Wealth LLC increased its position in Coca-Cola by 74.2% during the fourth quarter. Leo Wealth LLC now owns 31,769 shares of the company’s stock worth $1,978,000 after acquiring an additional 13,529 shares during the period. Finally, Consolidated Portfolio Review Corp increased its position in Coca-Cola by 17.1% during the fourth quarter. Consolidated Portfolio Review Corp now owns 5,314 shares of the company’s stock worth $331,000 after acquiring an additional 775 shares during the period. 70.26% of the stock is owned by institutional investors.

Coca-Cola Trading Up 0.8 %

KO opened at $63.84 on Friday. The company’s 50 day moving average is $62.54 and its 200-day moving average is $66.32. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The company has a market cap of $275.03 billion, a P/E ratio of 26.38, a PEG ratio of 3.56 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KO shares. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Wells Fargo & Company lowered their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. UBS Group lowered their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.19.

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.