Lion Street Advisors LLC Boosts Stock Holdings in The Coca-Cola Company (NYSE:KO)

Lion Street Advisors LLC increased its position in The Coca-Cola Company (NYSE:KO) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,808 shares of the company’s stock after acquiring an additional 187 shares during the period. Lion Street Advisors LLC’s holdings in Coca-Cola were worth $860,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quarry LP bought a new position in Coca-Cola during the second quarter valued at approximately $27,000. Hara Capital LLC bought a new position in shares of Coca-Cola during the 3rd quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Coca-Cola in the 3rd quarter worth $36,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Coca-Cola in the third quarter worth $43,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola during the fourth quarter valued at $37,000. 70.26% of the stock is owned by institutional investors.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $62.68 on Wednesday. The firm has a market cap of $270.00 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 3.56 and a beta of 0.61. The firm has a fifty day moving average price of $62.59 and a 200 day moving average price of $66.36. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the business’s 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 sale, the chief executive officer now directly owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on KO. Piper Sandler cut their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. UBS Group reduced their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company dropped 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 note 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 on the stock in a report on Tuesday, January 28th. Finally, Truist Financial boosted their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

Coca-Cola 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.