Buttonwood Financial Advisors Inc. Has $553,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Buttonwood Financial Advisors Inc. trimmed its position in The Coca-Cola Company (NYSE:KO) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,880 shares of the company’s stock after selling 869 shares during the quarter. Buttonwood Financial Advisors Inc.’s holdings in Coca-Cola were worth $553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group boosted its stake in Coca-Cola by 29.2% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,878 shares of the company’s stock valued at $120,000 after purchasing an additional 425 shares during the period. Texas Capital Bank Wealth Management Services Inc increased its position in Coca-Cola by 64.0% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,704 shares of the company’s stock worth $363,000 after acquiring an additional 2,226 shares during the period. Kathmere Capital Management LLC raised its stake in Coca-Cola by 13.9% during the 2nd quarter. Kathmere Capital Management LLC now owns 5,605 shares of the company’s stock valued at $357,000 after purchasing an additional 683 shares during the last quarter. Bontempo Ohly Capital Mgmt LLC boosted its holdings in Coca-Cola by 1.4% in the 2nd quarter. Bontempo Ohly Capital Mgmt LLC now owns 67,878 shares of the company’s stock valued at $4,320,000 after purchasing an additional 930 shares during the period. Finally, Creative Planning grew its position in Coca-Cola by 3.8% in the 2nd quarter. Creative Planning now owns 1,781,928 shares of the company’s stock worth $113,420,000 after purchasing an additional 65,533 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KO shares. Truist Financial increased their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. UBS Group lowered their price objective on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Barclays reduced their target price on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley lowered their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Finally, TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.07.

Insiders Place Their Bets

In other news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of KO stock opened at $61.98 on Monday. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The stock has a market capitalization of $267.01 billion, a PE ratio of 25.61, a PEG ratio of 3.38 and a beta of 0.61. 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 stock’s fifty day moving average is $62.62 and its 200-day moving average is $66.41.

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.