Community Bank & Trust Waco Texas Purchases 1,577 Shares of The Coca-Cola Company (NYSE:KO)

Community Bank & Trust Waco Texas lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,122 shares of the company’s stock after acquiring an additional 1,577 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Coca-Cola were worth $2,062,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KO. Annex Advisory Services LLC increased its position in shares of Coca-Cola by 11.3% during the third quarter. Annex Advisory Services LLC now owns 7,558 shares of the company’s stock worth $543,000 after acquiring an additional 769 shares during the period. Carnegie Investment Counsel increased its holdings in Coca-Cola by 0.9% during the third quarter. Carnegie Investment Counsel now owns 82,488 shares of the company’s stock valued at $5,927,000 after buying an additional 761 shares during the period. Rise Advisors LLC increased its holdings in Coca-Cola by 2.8% during the third quarter. Rise Advisors LLC now owns 7,762 shares of the company’s stock valued at $558,000 after buying an additional 214 shares during the period. Redhawk Wealth Advisors Inc. increased its holdings in Coca-Cola by 41.3% during the third quarter. Redhawk Wealth Advisors Inc. now owns 8,464 shares of the company’s stock valued at $608,000 after buying an additional 2,475 shares during the period. Finally, Willis Investment Counsel increased its holdings in Coca-Cola by 6.2% during the third quarter. Willis Investment Counsel now owns 11,040 shares of the company’s stock valued at $793,000 after buying an additional 643 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on KO shares. Truist Financial lifted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley cut 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. 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Finally, TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.19.

Coca-Cola Trading Up 1.2 %

Shares of Coca-Cola stock opened at $64.58 on Tuesday. The company has a market cap of $278.18 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The firm has a 50-day simple moving average of $62.53 and a two-hundred day simple moving average of $66.32. 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 fifty-two week low of $57.93 and a fifty-two week high of $73.53.

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.