Sentry LLC Has $317,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Sentry LLC lowered its stake in shares of The Coca-Cola Company (NYSE:KO) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,093 shares of the company’s stock after selling 1,496 shares during the quarter. Sentry LLC’s holdings in Coca-Cola were worth $317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KO. Quarry LP bought a new stake in shares of Coca-Cola during the 2nd quarter worth $27,000. Hara Capital LLC purchased a new position in Coca-Cola in the 3rd quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Coca-Cola in the 3rd quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola during the 4th quarter worth approximately $37,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Coca-Cola in the third quarter worth $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 0.8 %

Shares of NYSE:KO opened at $62.86 on Thursday. 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 cap of $270.77 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. The business’s 50 day moving average is $62.65 and its 200 day moving average is $66.41. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KO. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and increased their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. TD Cowen upgraded 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 report on Wednesday, January 8th. Wells Fargo & Company cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.13.

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 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. This represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is owned by insiders.

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.